IYW, ORCL, SNOW, NET: Large Outflows Detected at ETF

IYW (iShares US Technology ETF) saw an approximate $328.4 million weekly outflow, down 1.3% week-over-week in shares outstanding. The flow suggests mildly weaker near-term investor positioning toward US technology exposure, though the reported move is unlikely to be broadly market-moving.

Analysis

IYW (iShares US Technology ETF) saw an approximate $328.4 million weekly outflow, down 1.3% week-over-week in shares outstanding. The flow suggests mildly weaker near-term investor positioning toward US technology exposure, though the reported move is unlikely to be broadly market-moving.