iShares Broad USD High Yield Corporate Bond ETF Sees Notable Inflows
Examining week-over-week changes in shares outstanding, the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY) stands out with a significant inflow of approximately $293.9 million. This marks a 1.4% increase in outstanding units, rising from 576,650,000 to 584,700,000.
The chart below illustrates USHY’s one-year price performance in comparison to its 200-day moving average:
In reviewing the chart, USHY reached a low of $34.9013 per share within the last 52 weeks, while its peak is $37.72. The most recent trade price was $36.56. Analyzing the latest share price against the 200-day moving average can provide valuable insights for technical analysis.
Exchange-traded funds (ETFs) function similarly to stocks, but investors are actually buying and selling “units.” These units can be traded like stocks, and they can also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs experiencing significant inflows or outflows. The creation of new units indicates that the ETF must purchase more underlying holdings, while the destruction of units means selling underlying assets. Such large flows can affect the individual components held within the ETFs.
Click here to learn about other ETFs that had notable inflows.
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