Notable Inflow Detected for iShares Broad USD High Yield ETF
Examining the latest changes in week-over-week shares outstanding among various ETFs, one significant observation comes from the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY). This fund has experienced an influx of approximately $177.8 million, translating to a 0.9% increase in outstanding units—rising from 535,050,000 to 539,850,000.
The accompanying chart illustrates the one-year price performance of USHY in relation to its 200-day moving average:
According to the chart, USHY’s 52-week low stands at $35.55 per share, with a high of $37.72. The most recent trading price is $37.00. Analyzing the share price in comparison to the 200-day moving average can provide valuable insights for traders and investors looking for technical analysis opportunities.
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Exchange traded funds (ETFs) operate similarly to stocks, allowing investors to buy and sell ‘units’ instead of ‘shares’. These units can be traded among investors and may also be created or destroyed based on market demand. Each week, we track the changes in shares outstanding to identify ETFs with significant inflows (indicative of new units being created) or outflows (suggesting old units are being destroyed). The creation of new units involves purchasing the underlying assets of the ETF, while unit destruction requires selling those assets, indicating that substantial flows can influence the individual components held within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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- Cheap Technology Stocks
- FOUR market cap history
- Funds Holding IBGK
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
