Investors Add $179.1 Million to USHY This Week
Looking at the recent changes in shares among ETFs, the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY) stands out with a significant inflow of approximately $179.1 million. This increase represents a 0.9% rise in outstanding units, growing from 508,450,000 to 513,250,000.
The chart shows USHY’s price performance over the past year compared to its 200-day moving average. In the past 52 weeks, USHY has traded as low as $35.55 per share and reached a high of $37.72, while the most recent trade shows USHY at $37.34. Analyzing the current share price in relation to the 200-day moving average can provide useful insights for investors.
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Exchange-traded funds (ETFs) function like stocks, where investors buy and sell “units” instead of “shares.” These units can be created or destroyed based on investor demand. Each week, we track the changes in the number of units to identify ETFs with significant inflows or outflows. When new units are created, the underlying holdings of the ETF must be acquired, while the destruction of units requires selling off these holdings. Therefore, major inflows or outflows can affect the individual components within an ETF.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- WSBF Options Chain
- EWZ market cap history
- EUSB Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.