HomeMost Popular The Exodus of Capital: Analyzing the Decline of JNK ETF

The Exodus of Capital: Analyzing the Decline of JNK ETF

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Understanding the Numbers

Looking at the recent data on ETF shares, one ETF that stands out is the SPDR Bloomberg High Yield Bond ETF (Symbol: JNK). It has witnessed a significant outflow of approximately $876.1 million – marking a 9.3% decrease from 99,270,000 to 90,070,000 shares outstanding.

Analyzing Performance

The one-year price performance chart for JNK against its 200-day moving average provides a visual representation of its market behavior.

SPDR Bloomberg High Yield Bond ETF 200 Day Moving Average Chart

Within the span of 52 weeks, JNK has traded between a low of $87.795 per share and a high of $95.59, with the last trade recorded at $95.33. Comparing the latest share price to the 200-day moving average offers valuable insights for technical analysis purposes.

Deeper Insights

Exploring the mechanics of exchange-traded funds (ETFs) reveals that these financial products operate akin to stocks. Investors trade β€œunits” of ETFs, which can be created or destroyed to meet market demands. Monitoring weekly changes in shares outstanding data unveils ETFs with notable inflows (new units created) or outflows (old units destroyed). Noteworthy flows can impact the assets held within ETFs, creating a ripple effect in the market.

nslideshowClick here to find out which 9 other ETFs experienced notable outflows.

Additional Resources:
  • Top Ten Hedge Funds Holding CFB
  • DIG YTD Return
  • Top Ten Hedge Funds Holding MHE

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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