Analyzing recent changes in shares outstanding among ETFs, the iShares Broad USD Investment Grade Corporate Bond ETF (Symbol: USIG) stands out with approximately $159.1 million in inflows. This uptick translates to a 1.3% rise in outstanding units, increasing from 236,200,000 to 239,300,000 week over week.
The following chart illustrates the one-year price performance of USIG in relation to its 200-day moving average:
In reviewing the chart, USIG’s share price has a 52-week low of $46.99 and a high of $52.935, with the most recent trade recorded at $51.41. Investors often analyze the current share price against the 200-day moving average to gain insights into market trends.
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Exchange traded funds (ETFs) function similarly to stocks, but when investors buy or sell ETFs, they are actually trading “units.” These units can be created or destroyed based on investor demand. Weekly monitoring of these changes in outstanding shares helps identify ETFs with significant inflows (indicating new units created) or outflows (indicating units destroyed). Creating new units requires purchasing the ETF’s underlying assets, while destroying units entails selling these holdings. Thus, large inflows or outflows can affect the individual stocks held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Top Ten Hedge Funds Holding OCUP
- FIS Shares Outstanding History
- Institutional Holders of RVMD
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
