Notable Week-Over-Week Changes Highlight Investor Interest
In the latest updates from ETF Channel, the iShares iBoxx $ Investment Grade Corporate Bond ETF (Symbol: LQD) has made headlines due to significant week-over-week changes. Observers have noted an impressive inflow of approximately $1.1 billion, marking a 3.9% increase in outstanding units—from 257,400,000 to 267,500,000.
The following chart illustrates LQD’s price performance over the past year, compared to its 200-day moving average:
Examining the chart, the LQD has reached a low of $101.25 per share and a high of $114.07 within its 52-week trading range, with its most recent trading price standing at $108.98. Technical analysts often compare current prices to the 200-day moving average to gain insights into trends—find out more about the 200-day moving average by clicking here.
Explore Our Free Report on Top 8%+ Dividends (Paid Monthly)
Exchange-traded funds (ETFs) operate similarly to stocks, but instead of “shares,” investors trade “units.” These units can be exchanged like stocks and can either be created or redeemed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs that are seeing significant inflows (creation of new units) or outflows (redemption of existing units). The creation of new units indicates the purchase of the ETF’s underlying holdings, while redemptions result in sales of those holdings. Consequently, these large movement trends can influence the individual components held within the ETFs.
Click here to discover which 9 other ETFs have experienced notable inflows »
Additional Insights:
- Cheap Undervalued Stocks
- ETFs Holding KW
- KTRA Market Cap History
The views expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
