Recent Data Highlights $146.3 Million Increase in Units
Today, we focus on changes in shares outstanding among various ETFs monitored by ETF Channel. A notable performer is the iShares California Muni Bond ETF (Symbol: CMF), which recorded an inflow of approximately $146.3 million. This represents a 4.6% increase from 55,550,000 to 58,100,000 outstanding units over the past week.
The chart below illustrates CMF’s price performance in the past year compared to its 200-day moving average:
According to the chart, CMF’s 52-week low is $56.01 per share, with a high of $58.18. The latest trading price stands at $57.51. Analyzing the recent share price against the 200-day moving average can provide insights into market trends – explore more about the 200-day moving average here.
Exchange-traded funds (ETFs) function similarly to stocks, but investors buy and sell “units” instead of shares. These units can be switched between buyers and sellers just like stocks. Additionally, new units can be created or existing ones can be removed based on investor demand. Each week, we track changes in shares outstanding, watching for ETFs that experience significant inflows (where many new units are created) or outflows (where many units are retired). When new units are created, the underlying assets within the ETF are also bought, while the destruction of units entails selling those assets. As a result, significant inflows or outflows can affect the individual components within the ETFs.
Click here to discover which 9 other ETFs experienced noteworthy inflows »
Additional Information:
- GAIA Insider Buying
- CAVM Market Cap History
- Top Ten Hedge Funds Holding RTYD
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
