The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) experienced a significant outflow of approximately $827 million, representing a 2.4% decrease in shares outstanding from 282.3 million to 275.5 million over the past week. As of the last trade, LQD’s share price was $120.14, just above its 52-week low of $120.06 and far below its 52-week high of $136.78.
Such outflows can impact the underlying holdings of LQD, as the destruction of units often requires the selling of assets, influencing both the ETF and its components.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
