SPDR Portfolio High Yield Bond ETF Sees Significant Inflow This Week
SPHY’s Inflow and Outstanding Shares Growth
This week, the SPDR Portfolio High Yield Bond ETF (Symbol: SPHY) has attracted attention with an inflow of approximately $225 million. This marks a 2.8% increase in outstanding units, rising from 337,800,000 to 347,400,000.
Performance Overview
The chart below illustrates SPHY’s one-year price performance in comparison to its 200-day moving average:
Over the past year, SPHY has experienced a low point of $22.21 per share and a high of $24.07. The most recent trading price is $23.42, providing a useful reference when compared to its 200-day moving average.
Understanding ETF Dynamics
Exchange-traded funds (ETFs) operate similarly to stocks, where investors buy and sell “units” rather than traditional shares. These units can be traded back and forth. However, they can also be created or destroyed based on investor demand. This week, we analyze the changes in shares outstanding to identify ETFs with noteworthy inflows or outflows. A creation of new units typically necessitates purchasing the underlying holdings, while the destruction of units involves selling those assets. Consequently, significant flows may impact the individual components within the ETFs.
For more insights on other ETFs with notable inflows, click here.
Additional Resources:
- Institutional Holders of FOCS
- BJRI Options Chain
- Funds Holding LUXX
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
