Strong Week for ETF with $121.9 Million Inflow
In a recent review of exchange-traded funds (ETFs), the iShares Short-Term National Muni Bond ETF (Symbol: SUB) has emerged as a significant player. This ETF saw an inflow of approximately $121.9 million, resulting in a 1.4% week-over-week increase in its outstanding units, which climbed from 81,150,000 to 82,300,000.
The chart below illustrates SUB’s price performance over the past year, along with its 200-day moving average:
Analyzing the data, the ETF has experienced a low of $102.72 per share and a high of $106.30 over the past 52 weeks. As of its last trade, the price stands at $105.92. Comparing this price to the 200-day moving average can provide valuable insight for technical analysts looking to gauge future performance.
ETFs, like SUB, operate similarly to stocks. Investors buy and sell “units” instead of shares. These units can be traded just like stocks and can also be created or destroyed based on investor demand. Each week, we monitor the changes in shares outstanding, looking for ETFs with significant inflows (new units created) or outflows (old units destroyed). An increase in units typically means that new underlying assets need to be purchased, while a decrease involves selling assets, potentially influencing the individual components within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
