Looking at recent changes in shares outstanding among ETFs, the iShares Investment Grade Systematic Bond ETF (Symbol: IGEB) saw a notable outflow of approximately $100.9 million, translating to an 8.7% decrease week over week. The number of shares fell from 25,850,000 to 23,600,000.
The chart below illustrates the one-year price performance of IGEB compared to its 200-day moving average:
According to the chart, IGEB has experienced a low of $43.21 per share and a high of $46.76 within the past year, with the most recent trade price at $44.88. Analyzing the current price against the 200-day moving average can provide useful insights for investors.
Exchange-Traded Funds (ETFs) operate similarly to stocks, but investors buy and sell “units” instead of shares. These units can be traded like stocks but can also be created or destroyed based on investor demand. Our team tracks the week-over-week changes in shares outstanding to identify which ETFs are experiencing significant inflows (indicating new units created) or outflows (indicating old units destroyed). The creation of new units means purchasing the underlying assets of the ETF, while the destruction of units requires selling those assets, potentially affecting the individual stocks within each ETF.
Click here to find out which 9 other ETFs experienced notable outflows »
Related Insights:
- Stock MACD
- PRLB Price Target
- ETFs Holding FRT
The views and opinions expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
