SPDR Portfolio High Yield Bond ETF Sees Major Inflow This Week
Impressive Weekly Growth for SPHY with $132.7 Million Influx
In recent analysis from ETF Channel, the SPDR Portfolio High Yield Bond ETF (Symbol: SPHY) has emerged as a notable player in the market, witnessing an inflow of approximately $132.7 million. This translates to a significant week-over-week increase of 2.3% in the number of outstanding units, rising from 239,000,000 to 244,600,000.
The chart below illustrates the one-year price performance of SPHY in relation to its 200-day moving average:
As displayed in the chart, SPHY has a 52-week range with a low of $21.95 per share and a high of $24.07, with the most recent trade occurring at $23.77. Analyzing the current share price against the 200-day moving average can serve as a valuable technical analysis technique—discover more about the 200-day moving average.
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Exchange traded funds (ETFs) function similarly to stocks, except that instead of “shares,” investors trade “units.” These “units” can be exchanged just like stocks but can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (old units destroyed). The creation of new units necessitates the purchase of the underlying holdings, while the destruction of units requires selling those holdings, thus large flows may also influence the individual components within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- AEAC shares outstanding history
- USAK YTD Return
- TPST Average Annual Return
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
