SPDR Bloomberg Convertible Securities ETF Sees Significant Week-Over-Week Growth
Looking at the latest data from ETF Channel, the SPDR Bloomberg Convertible Securities ETF (Symbol: CWB) has attracted approximately $382.8 million in inflows. This amount represents a notable 9.0% increase in the ETF’s outstanding units, rising from 52,000,000 to 56,700,000 units over the past week.
Examining the chart, CWB’s one-year performance shows a low of $68.96 per share, while its highest point reached $82.24. The ETF’s last trade price settled at $81.73. Analyzing the recent share price against its 200-day moving average is a common technique among traders; you can learn more about the 200-day moving average here.
Exchange-traded funds (ETFs) function similarly to stocks. However, when investors buy or sell ETFs, they are actually trading “units” instead of “shares.” These units can fluctuate in number based on investor demand; they can be created or destroyed as needed. Our weekly monitoring of changes in shares outstanding helps identify ETFs with significant inflows, which involve new unit creation, or outflows, which require existing units to be sold. These substantial movements can influence not only the ETF but also the individual securities held within it.
Click here to discover which 9 other ETFs experienced notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
