Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core Total USD Bond Market ETF (Symbol: IUSB). We have detected an approximate $42.5 million outflow — that’s a 0.2% decrease week over week, with shares outstanding falling from 370,200,000 to 369,300,000.
The chart below shows the one-year price performance of IUSB versus its 200-day moving average.
Looking at the chart, IUSB’s low point in its 52-week range is $45.68 per share, while the 52-week high point is $54.09. This compares with a last trade price of $47.52.
Comparing the most recent share price to the 200-day moving average can also be a useful technical analysis technique. Learn more about the 200-day moving average »
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Exchange traded funds (ETFs) trade much like stocks, but instead of shares, investors are actually buying and selling “units.” These units can be traded back and forth just like stocks, but they can also be created or destroyed to accommodate investor demand.
Each week, we monitor the week-over-week change in shares outstanding data to identify ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). The creation of new units means the underlying holdings of the ETF need to be purchased, while the destruction of units involves selling underlying holdings. As a result, large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
*The views and opinions expressed herein are those of the author and do not necessarily reflect the views and opinions of Nasdaq, Inc.*
https://www.nasdaq.com/articles/notable-etf-outflow-detected-iusb
