BALT ETF Sees Significant Inflows with 27.8% Increase in Units

In a review of week-over-week changes in shares outstanding for ETFs covered by ETF Channel, the BALT ETF (Symbol: BALT) stands out significantly. This fund has experienced an influx of approximately $355.2 million, marking a remarkable 27.8% increase in outstanding units, which rose from 40,775,000 to 52,100,000 units.

Below, we present the one-year price performance of the BALT ETF alongside its 200-day moving average:

Examining the chart, BALT has recorded a low of $28.96 per share and climbed to a high of $31.9899 in the past year. As of the latest trade, the share price stands at $31.36. Analyzing this price in relation to the 200-day moving average can serve as a beneficial technical analysis tool; you can learn more about the 200-day moving average here.

Unlike individual stocks, exchange-traded funds (ETFs) trade using “units” rather than “shares.” These units can be bought and sold like stocks but can also be created or eliminated to meet investor demand. Each week, we monitor the changes in shares outstanding to identify ETFs that may be witnessing considerable inflows or outflows. The creation of new units requires purchasing the ETF’s underlying assets, while unit destruction involves the sale of those assets. Thus, significant flows can impact the individual securities included in ETFs.

Click here to discover which 9 other ETFs have experienced notable inflows »

Also see:

• AAXN market cap history
• RYAM market cap history
• TZOO Stock Predictions

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.