iShares High Yield Bond ETF Sees Notable $199.9 Million Outflow
In recent analysis of week-over-week changes in outstanding ETF shares, the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY) stands out. The ETF has recorded an outflow of approximately $199.9 million, representing a 1.0% decrease in shares outstanding, decreasing from 542,900,000 to 537,300,000.
Price Performance Compared to Moving Average
The chart below illustrates the one-year price performance of USHY, in relation to its 200-day moving average:
According to the chart, the lowest point within USHY’s 52-week range is $35.02 per share, while the highest is $37.72, against the latest trade of $35.57. Comparing the current share price to the 200-day moving average can be a valuable technical analysis technique.
Understanding ETF Trading Dynamics
Exchange-traded funds (ETFs) function similarly to stocks in trading. However, investors buy and sell units instead of traditional shares. These units are interchangeable and can be created or destroyed in response to investor demand. Each week, we track changes in outstanding shares to identify ETFs with significant inflows (new units created) or outflows (existing units destroyed).
New units necessitate the purchase of the ETF’s underlying assets, while unit destruction involves selling off these holdings. Hence, large inflows or outflows can significantly influence the individual securities held within the ETFs.
Click here to discover which 9 other ETFs experienced notable outflows.
See also:
- FXU shares outstanding history
- MUSA Next Dividend Date
- LIFW Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
