SPIB ETF Sees Significant Inflow as Investor Interest Grows
This week, the SPDR Portfolio Intermediate Term Corporate Bond ETF (Symbol: SPIB) demonstrated notable investor activity. The ETF experienced an inflow of approximately $151.7 million, marking a 1.6% increase in shares outstanding, which rose from 293,200,072 to 297,800,072.
Performance Overview: SPIB in the Market
The chart below details the one-year price performance of SPIB compared to its 200-day moving average:
Currently, SPIB’s price is $32.97, situated between its 52-week low of $31.975 and its high of $33.8599. Analyzing the recent share price alongside the 200-day moving average can provide valuable insights for investors.
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Exchange traded funds (ETFs) function similarly to stocks; however, investors trade in ”units” rather than ”shares.” These ”units” allow for transactions in the market and can also be created or destroyed to meet investor demand. Each week, we analyze changes in shares outstanding to identify ETFs with significant inflows or outflows, which can indicate market trends. When new units are created, the ETF must purchase the underlying assets, while the destruction of units entails selling those assets. Significant flows can influence the individual components within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
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- AHT YTD Return
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
