In recent trading activity, the iShares J.P. Morgan USD Emerging Markets Bond ETF (Symbol: EMB) has seen a significant outflow. Approximately $619.1 million has exited the fund, reflecting a 4.2% decrease in shares outstanding, dropping from 163,800,000 to 156,900,000.
The chart below illustrates the one-year price performance of EMB compared to its 200-day moving average:
Examining the chart, EMB’s lowest price in the last year stands at $86.40 per share, while its peak reaches $93.97. The recent trading price was $89.42, which can be compared to the 200-day moving average for further technical analysis.
Exchange traded funds (ETFs) function similarly to stocks, where investors trade “units” rather than “shares.” These units can be created or destroyed based on demand. Each week, we track the changes in shares outstanding to identify ETFs with significant inflows or outflows. When new units are created, the underlying assets of the ETF must be purchased; conversely, the destruction of units entails selling those assets. Therefore, large movements can influence the individual securities held within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
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