The iShares Core Total USD Bond Market ETF (Symbol: IUSB) experiences a notable week with a $239.0 million inflow, marking a 0.8% rise in outstanding shares.
Week-over-week, the ETF’s units increased from 705,600,000 to 710,900,000. This influx indicates growing investor confidence and interest in the bond market.
Analyzing the chart above, IUSB has fluctuated between a low of $44.21 and a high of $47.4389 in the past 52 weeks. Currently, it trades at $45.11, which is useful to consider alongside its 200-day moving average for a better technical perspective.
Exchange-traded funds (ETFs) function similarly to stocks but involve trading “units” instead of shares. These units can be created or eliminated based on investor demand. We regularly track the weekly changes in outstanding shares to highlight ETFs with significant inflows or outflows. The creation of new units indicates that the fund must acquire more underlying holdings, while the destruction of units implies selling these assets—both actions can influence the individual securities within the ETF.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Top Ten Hedge Funds Holding FRBN
- Institutional Holders of SVFC
- GMHI Videos
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
