Substantial Unit Growth for USHY Amid Market Activity
In a recent review of week-over-week changes in shares outstanding for ETFs, the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY) stood out with an influx of roughly $136.0 million. This marked a 0.7% increase in the outstanding units, rising from 550,050,000 to 553,700,000.
The chart below illustrates the price performance of USHY over the past year, comparing it with its 200-day moving average:
According to the chart, USHY’s lowest price in the past 52 weeks was $34.06 per share, while the highest reached $37.72, with the most recent trade pricing at $37.28. Analyzing the latest share price against the 200-day moving average can provide valuable insights for investors—learn more about the 200-day moving average here.
Exchange-traded funds (ETFs) operate similarly to stocks, but investors buy and sell “units” instead of “shares.” These “units” can be exchanged like stocks and can also be created or destroyed based on demand. Each week, we closely track changes in shares outstanding to identify ETFs experiencing significant inflows (indicating new units created) or outflows (suggesting units destroyed). The creation of new units requires purchasing underlying assets, while unit destruction leads to the sale of those assets, highlighting how these flows can influence the individual components within ETFs.
Click here to explore nine other ETFs with notable inflows »
Also see:
- SERA market cap history
- ETFs Holding INFY
- Top Ten Hedge Funds Holding BRRR
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.