SPDR Bloomberg High Yield Bond ETF Experiences Significant Outflow

In examining week-over-week changes in shares outstanding for ETFs, the SPDR Bloomberg High Yield Bond ETF (Symbol: JNK) stands out due to a notable outflow of approximately $506.1 million. This figure represents an 8.1% decrease in shares, dropping from 66,874,605 to 61,474,605.

The chart below illustrates the one-year price performance of JNK in relation to its 200-day moving average:

According to the chart, JNK’s 52-week low is $90.405 per share, while the high point reaches $97.90. The most recent closing price stands at $93.23. Monitoring the current share price against the 200-day moving average can provide useful insights for technical analysis. For more information on this technique, visit here.

Exchange-traded funds (ETFs) function similarly to stocks, where investors are actually dealing in “units.” These units can be traded back and forth like shares, but they can also be created or destroyed based on investor demand. Our weekly analysis tracks changes in shares outstanding to identify ETFs with significant inflows or outflows. When new units are created, the ETF must purchase the underlying holdings. Conversely, when units are destroyed, it entails selling off those holdings. Consequently, substantial inflows or outflows can impact the individual components within the ETFs.

Click here to discover which 9 other ETFs experienced notable outflows.

Also see:

• WHLRW Historical Stock Prices
• SMTH Videos
• Funds Holding ZB

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