Looking today at week-over-week changes in shares outstanding among the universe of ETFs covered at ETF Channel, one standout is the iShares J.P. Morgan USD Emerging Markets Bond ETF (Symbol: EMB). We have detected an approximate $228.1 million outflow—representing a 1.2% decrease week over week (from 179,700,000 to 177,600,000 shares outstanding).
The chart below shows the one-year price performance of EMB versus its 200-day moving average.
Looking at the chart, EMB’s low point in its 52-week range is $106.155 per share, while the 52-week high is $116.09. This compares with a last trade price of $108.81.
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 here ».
Exchange traded funds (ETFs) trade just like stocks; however, instead of “shares,” investors are actually buying and selling “units.” These units can be traded back and forth similarly to stocks but 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 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. Therefore, 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 those of Nasdaq, Inc.*
https://www.nasdaq.com/articles/notable-etf-outflow-detected-emb
