Week-Over-Week Changes Highlight Strong Demand for MUB
Looking at recent changes in shares outstanding among various exchange-traded funds (ETFs), the iShares National Muni Bond ETF (Symbol: MUB) stands out. This week, it has seen an inflow of approximately $545.4 million, leading to a 1.4% increase in outstanding units, rising from 364,400,000 to 369,500,000 units.
The chart above displays MUB’s one-year price performance alongside its 200-day moving average. Over the past year, MUB hit a low of $100.78 per share, with its highest point at $108.82. Currently, the ETF trades at $107.00. Analyzing this price in relation to the 200-day moving average can provide insights into market trends.
ETFs like MUB operate similarly to stocks, but investors buy and sell “units” instead of shares. These units can be traded just like stocks, and can also be created or destroyed in response to investor demand. We monitor these weekly changes in shares outstanding to identify those ETFs that are experiencing notable inflows, indicating a strong purchasing interest, or outflows, suggesting sales. The creation of new units means the ETF will acquire its underlying assets, while the destruction of units involves selling off holdings. Large inflows or outflows can significantly affect the individual components of the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
• High-Yield Canadian Real Estate Stocks
• Funds Holding BBCN
• Institutional Holders of EMQ
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
