Notable Share Decrease for Week Ending: Overview of Recent Trends
This week, the iShares iBoxx $ Investment Grade Corporate Bond ETF (Symbol: LQD) has seen significant movement. There was an outflow of about $1.3 billion, which translates to a 4.3% drop in shares outstanding, from 284,100,000 to 271,800,000.
The chart below illustrates LQD’s one-year price performance alongside its 200-day moving average:
According to the chart, LQD reached a low point of $104.14 per share in its 52-week range, while the high point was $114.07. The latest trade price was recorded at $106.84. Evaluating the most recent share price against its 200-day moving average can provide useful insights into market behavior.
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Exchange traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” instead of shares. These units can be traded just like stocks, but they can also be created or destroyed based on investor demand. Each week, we check week-over-week changes in shares outstanding to identify ETFs that are experiencing significant inflows or outflows. The creation of new units indicates a need to purchase the underlying assets of the ETF, while the destruction of units involves selling those assets, impacting the individual components within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- DOCS Options Chain
- Funds Holding AVBP
- Top Ten Hedge Funds Holding CPII
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
