Fidelity Total Bond ETF Sees Significant $177.8 Million Inflow
In today’s ETF landscape, significant changes in shares outstanding are noteworthy. The Fidelity Total Bond ETF (Symbol: FBND) experienced a remarkable inflow of approximately $177.8 million, marking a 1.0% week-over-week increase in outstanding units, which rose from 399,400,000 to 403,300,000.
The chart below illustrates FBND’s one-year price performance against its 200-day moving average:
FBND’s price performance shows its low point over the past 52 weeks at $44.0064 per share, with a corresponding high of $47.22. The most recent trading price sits at $45.49. Analyzing the recent price compared to the 200-day moving average can provide investors with a useful technical assessment of the ETF’s performance. For more on this analysis technique, check out the 200-day moving average.
Exchange-traded funds (ETFs) function similarly to stocks, but investors buy and sell “units” instead of “shares.” These units can be actively traded, and they can also be created or destroyed based on investor demand. Each week, we monitor the changes in shares outstanding to identify ETFs with significant inflows (resulting in newly created units) or outflows (leading to the destruction of old units). The creation of new units necessitates purchasing underlying holdings, whereas unit destruction typically involves selling those holdings. Consequently, substantial inflows or outflows can significantly affect the underlying components of ETFs.
Click here to learn about 9 other ETFs with notable inflows »
For more insights, see:
- George Soros Stock Picks
- Top Ten Hedge Funds Holding GLOW
- JMSN Insider Buying
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
