Week-over-week Changes Show Continued Demand for MUB Units
Today, we’re examining the latest changes in shares outstanding among ETFs, with a notable rise in the iShares National Muni Bond ETF (Symbol: MUB). This ETF experienced an inflow of approximately $351.7 million, resulting in a 0.9% increase in outstanding units, climbing from 369,500,000 to 372,800,000.
The chart below illustrates the one-year price performance of MUB compared to its 200-day moving average:
In the chart above, MUB has a low point in its 52-week range at $103.13 per share, with a high point of $108.82. Currently, the ETF’s last trade stands at $107.27. Analyzing the most recent share price relative to the 200-day moving average can provide valuable insights for investors.
Exchange-traded funds (ETFs) are traded like stocks, but when investors buy or sell, they are actually buying and selling “units.” These units can be traded much like shares, but they can also be created or destroyed based on demand from investors. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (indicating old units destroyed). When new units are created, the underlying assets within the ETF need to be purchased. Conversely, when units are destroyed, those assets are sold, potentially influencing individual stocks held by the ETF.
Click here to discover 9 other ETFs that saw significant inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
