Looking today at week-over-week changes in shares outstanding among the universe of ETFs covered at ETF Channel, one standout is the iShares National Muni Bond ETF (Symbol: MUB). We have detected an approximate $408.9 million inflow — representing a 1.0% increase week over week in outstanding units, rising from 373,600,000 to 377,400,000.
The chart below shows the one-year price performance of MUB versus its 200-day moving average.
Looking at the chart, MUB’s low point in its 52-week range is $100.29 per share, with $108.60 as the 52-week high. This compares to a last trade price of $107.65.
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 ».
Exchange traded funds (ETFs) trade just like stocks, but instead of “shares,” investors actually buy and sell “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 week-over-week changes 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 destruction of units involves selling the underlying holdings. Therefore, large flows can also impact the individual components held within ETFs.
[Click here to find out which 9 other ETFs had notable inflows »]
Also see:
– Texas Pacific Land shares outstanding history
– Top Ten Hedge Funds Holding BZYR
– TWFH Insider Buying
*The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/mub-etf-inflow-alert-1