ETFs See Significant Outflow: iShares 1-5 Year Corporate Bond ETF Leads
Notable Outflow from iShares 1-5 Year Corporate Bond ETF
The iShares 1-5 Year Investment Grade Corporate Bond ETF (Symbol: IGSB) has experienced a notable week-over-week outflow. The fund saw approximately $132.9 million exit, reflecting a 0.6% drop in shares outstanding (from 401,550,000 to 399,000,000).
Price Performance Overview
The chart below illustrates IGSB’s one-year price performance against its 200-day moving average:
Within its 52-week range, IGSB recorded a low of $50.9301 per share and a high of $52.74. The most recent trade price stands at $52.13. Analyzing the current share price in relation to the 200-day moving average can serve as a valuable technical analysis tool.
Understanding ETF Unit Trading
Exchange-traded funds (ETFs) operate similarly to stocks, allowing investors to buy and sell “units.” Unlike shares, these units can be created or destroyed based on market demand. Each week, we track changes in outstanding shares to identify ETFs experiencing significant inflows or outflows. When new units are created, the ETF must acquire the underlying assets, while the destruction of units necessitates selling those assets. Large flows can impact the individual components that ETFs hold.
Click here to find out which 9 other ETFs experienced notable outflows »
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