Janus Henderson AAA CLO ETF Sees Significant Outflows This Week
Analyzing the weekly changes in shares outstanding among ETFs, an important development emerged: the Janus Henderson AAA CLO ETF (Symbol: JAAA) experienced an outflow of approximately $703.4 million. This figure represents a week-over-week decrease of 3.4%, dropping shares from 407,600,000 to 393,600,000.
The chart below illustrates the one-year price performance of JAAA in comparison to its 200-day moving average:
According to the chart, JAAA’s lowest point in its 52-week range was $49.69 per share, while the highest point reached $51.05. The last traded price stands at $50.29. Analyzing the recent share price against the 200-day moving average can provide insights into its performance trends.
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Exchange-traded funds (ETFs) function similarly to stocks, but investors are actually buying and selling “units.” These units can be traded just like stocks, and they can also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows, indicating new units being created, or outflows, which indicate old units being destroyed. Creation necessitates purchasing the underlying holdings of the ETF, while destruction involves selling those holdings, meaning large flows can affect the individual securities held within the ETFs.
Click here to discover which 9 other ETFs saw notable outflows »
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