“JNK ETF Sees Significant Investor Withdrawals”

SPDR Bloomberg High Yield Bond ETF Sees Significant Outflow

In recent observations of week-over-week changes in shares outstanding for ETFs, the SPDR Bloomberg High Yield Bond ETF (Symbol: JNK) has emerged as a significant case. This fund experienced an outflow of approximately $228.0 million, translating to a 2.9% decrease in shares outstanding week over week, dropping from 82,674,605 to 80,274,605.

The chart below illustrates JNK’s price performance over the past year in relation to its 200-day moving average:

SPDR Bloomberg High Yield Bond ETF 200 Day Moving Average Chart

Analyzing the data, JNK’s lowest price point in its 52-week range was $92.47 per share, while the highest was $97.90. The last recorded trade price for JNK stands at $94.96. Evaluating the current share price against the 200-day moving average can provide valuable insights for technical analysis—learn more about the 200-day moving average here.

Exchange-traded funds (ETFs) function like stocks, where investors buy and sell “units” instead of “shares.” These units can be traded similarly to stocks and can be created or destroyed based on investor demand. Each week, we monitor the changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (existing units destroyed). The creation of new units requires purchasing the underlying assets of the ETF, while the destruction of units necessitates selling those assets. Thus, large flows can significantly affect the individual components held within the ETFs.

Click here to discover other ETFs that have experienced notable outflows »