Significant Rise in Outstanding Units Signals Increased Investor Interest
Looking at recent data from ETF Channel, the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY) has made headlines with an impressive inflow of approximately $294.2 million. This influx translates to a week-over-week increase of 1.4% in outstanding units, raising the total from 545,700,000 to 553,600,000.
Analyzing the chart, USHY has experienced a 52-week low of $35.025 per share, reaching a high of $37.72. The most recent trade price was recorded at $37.23. Comparing the latest share price with the 200-day moving average can provide valuable insights for investors exploring technical indicators.
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Exchange-traded funds (ETFs) operate similarly to stocks, but investors trade in “units” instead of “shares.” These units can be exchanged like stocks and can be created or destroyed to meet demand. Each week, we assess changes in outstanding shares to identify ETFs with significant inflows (new units created) or outflows (existing units destroyed). The creation of new units necessitates purchasing the ETF’s underlying assets, while destroying units involves selling those assets. Therefore, large flow changes can significantly affect the individual securities held within the ETFs.
Click here to discover 9 other ETFs with notable inflows »
Additional Resources:
• Top Stocks Held By Larry Robbins
• TRU Historical Stock Prices
• RIVN Shares Outstanding History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
