Significant Growth in Outstanding Units This Week
Today, we examine the week-over-week changes in outstanding shares among ETFs tracked by ETF Channel. A remarkable observation is recorded for the iShares 5-10 Year Investment Grade Corporate Bond ETF (Symbol: IGIB), which has experienced an inflow of approximately $219.9 million. This marks a 1.5% increase in outstanding units, rising from 277,250,000 to 281,450,000.
The chart below illustrates the one-year price performance of IGIB in comparison to its 200-day moving average:
Per the chart, IGIB’s 52-week range shows a low of $49.87 per share and a high of $54.10, while the last trade price stands at $52.41. Analyzing the most recent share price against the 200-day moving average is an effective technical analysis method; to delve deeper, learn more about the 200-day moving average.
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Exchange-traded funds (ETFs) function similarly to stocks. Instead of buying “shares,” investors are trading “units.” These units can be exchanged like stocks but can also be created or destroyed to meet investor demand. Each week, we closely monitor the week-over-week changes in shares outstanding to identify ETFs facing significant inflows or outflows. The creation of new units requires purchasing the ETF’s underlying holdings, whereas the destruction of units necessitates selling those holdings. Consequently, substantial flows can also influence the individual assets within the ETFs.
Click here to discover which 9 other ETFs exhibited notable inflows »
Additional Information:
• ETFs Holding COLL
• PUK Split History
• Institutional Holders of PHAS
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
