Looking today at week-over-week changes in shares outstanding among the universe of ETFs covered at ETF Channel, one standout is the SPDR Bloomberg Short Term High Yield Bond ETF (Symbol: SJNK). We have detected an approximate $173.4 million inflow—representing a 4.1% increase week over week in outstanding units (rising from 166,600,000 to 173,500,000).
The chart below shows the one-year price performance of SJNK versus its 200-day moving average.
Looking at the chart, SJNK’s low point in its 52-week range is $23.92 per share, while the 52-week high point is $25.77. This compares with a last trade price of $25.12. 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 are actually buying and selling “units.” These units can be traded back and forth just like stocks but 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 ETF’s underlying holdings need to be purchased, while the destruction of units involves selling underlying holdings. As a result, large flows can impact the individual components held within ETFs.
[Click here to find out which 9 other ETFs had notable inflows »](#)
Also see:
• Institutional Holders of FFBC
• Top Ten Hedge Funds Holding TSH
• ETFs Holding AST
*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/sjnk-etf-inflow-alert