Invesco Senior Loan ETF Sees Significant Inflows: Highlights from the Latest Market Activity
Key Takeaways on BKLN’s Week-Over-Week Growth
In a noteworthy development this week, the Invesco Senior Loan ETF (Symbol: BKLN) has experienced an impressive inflow of approximately $209.3 million. This translates to a 3.0% increase in outstanding units, rising from 328,600,000 to 338,500,000.
The accompanying chart illustrates BKLN’s one-year price performance in relation to its 200-day moving average:
According to the chart, BKLN’s 52-week low stands at $20.61 per share, while its high is $21.25, making the most recent trade price $21.14. Analyzing the recent share price against the 200-day moving average provides valuable insights for technical analysis enthusiasts.
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Exchange-traded funds (ETFs) operate similarly to stocks; however, investors are actually buying and selling “units.” These units can be actively traded like stocks, but they can also be created or removed to meet investor demand. Each week, we carefully examine the week-over-week changes in shares outstanding to identify ETFs with notable inflows (indicating new units being created) or outflows (indicating old units being destroyed). The creation of new units often necessitates purchasing the underlying assets held by the ETF, while the destruction of units requires selling these holdings. Consequently, significant flows can affect the individual components within ETFs.
Click here to discover which 9 other ETFs have recently seen remarkable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
