Changes in shares outstanding for exchange-traded funds can signal investor behavior and market trends. Notably, the iShares 1-5 Year Investment Grade Corporate Bond ETF (Symbol: IGSB) has witnessed an outflow of approximately $153.3 million. This represents a 0.7% decline in outstanding shares, dropping from 402,050,000 to 399,100,000.
The chart below illustrates IGSB’s price performance over the past year, compared to its 200-day moving average:
According to the chart, IGSB’s lowest price in the past 52 weeks is $50.52 per share, while its highest point reached $52.74. The most recent trade closed at $51.98. Analyzing the latest share price against the 200-day moving average offers helpful insights into market trends.
ETFs, unlike traditional stocks, trade in “units.” Investors buy and sell these units, which can be created or destroyed based on demand. Every week, we track the changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (old units destroyed). The creation of new units necessitates purchasing underlying assets, whereas the destruction of units means selling off those assets. Hence, large movement in units can directly influence the individual components of the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Additional Insights:
- Low PE Ratios
- DHAI Historical Stock Prices
- American Outdoor Brands Next Earnings Date
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
