Weekly Changes Show $329.8 Million Departing from USHY
This week, the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY) has made headlines due to an estimated outflow of $329.8 million, marking a 1.7% drop in shares outstanding. The number of shares decreased from 513,250,000 to 504,400,000.
The chart below illustrates USHY’s one-year price performance in relation to its 200-day moving average:
Examining the data, USHY’s lowest price over the past 52 weeks hit $35.55 per share, while the highest reached $37.72. The last recorded price stood at $37.24. Comparing the current share price to the 200-day moving average is a useful technique for investors seeking to analyze trends.
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Exchange-traded funds (ETFs) operate much like stocks, but trades involve ‘units’ instead of ‘shares.’ These units can be created or eliminated based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with considerable inflows (indicating new unit creation) or outflows (indicating units destroyed). When new units are created, the ETF must acquire the underlying assets, whereas when units are eliminated, assets must be sold. Hence, significant changes can also affect the individual components within the ETF.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- Funds Holding ZHDG
- ETH Market Cap History
- HCC Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
