Notable ETF Inflows: Janus Henderson AAA CLO ETF Sees $204.5 Million Increase
In a recent analysis of week-over-week changes in shares outstanding among ETFs, one that stands out is the Janus Henderson AAA CLO ETF (Symbol: JAAA). The ETF experienced an inflow of approximately $204.5 million, representing a 1.0% increase in outstanding units—from 391,100,000 to 395,150,000.
Price Performance Analysis
The chart below illustrates the one-year price performance of JAAA in relation to its 200-day moving average:
Within the last year, JAAA’s lowest share price was $49.69, while its highest reached $51.05. The most recent trading price stood at $50.49. Analyzing the share price in comparison to the 200-day moving average can serve as a practical tool for technical analysis.
Understanding ETF Unit Dynamics
Exchange-traded funds (ETFs) operate similarly to stocks; however, investors are actually trading “units” instead of “shares.” These units can be created or destroyed based on investor demand. Each week, we track changes in outstanding shares to identify ETFs with significant inflows or outflows. When new units are created, the underlying assets of the ETF must be purchased. Conversely, when units are destroyed, it involves selling the underlying holdings. Consequently, large inflows or outflows can also impact the individual components held within ETFs.
Click here to explore which nine other ETFs experienced notable inflows.
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