Significant Growth in Units Amid Investor Interest
Looking at the latest week-over-week changes in exchange-traded fund (ETF) shares, the iShares National Muni Bond ETF (Symbol: MUB) stands out with an approximate $290.3 million inflow. This marks a 0.7% increase in outstanding units, rising from 361,700,000 to 364,400,000.
In the chart above, the MUB’s performance over the last year is evident. The ETF recorded a low point of $100.78 per share, with a high of $108.82. The most recent trading price stands at $107.31. Investors might find it beneficial to use the 200-day moving average as a technical analysis tool to assess performance over time.
Free Report: Top 8%+ Dividends (paid monthly)
ETFs function similarly to stocks, with investors buying and selling “units” instead of “shares.” These units can be traded like stocks but can also be created or destroyed to meet investor demand. Each week, we monitor changes in the number of outstanding shares to identify ETFs with significant inflows (new units created) or outflows (units destroyed). The creation of new units requires purchasing the underlying assets, while destroying units involves selling these assets, impacting the individual components within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Funds Holding USBI
- PBHC Insider Buying
- ALSN Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
