Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Janus Henderson AAA CLO ETF (Symbol: JAAA). We have detected an approximate $263.4 million outflow — representing a 1.0% decrease week over week, as shares outstanding fell from 503,700,000 to 498,500,000.
The chart below shows the one-year price performance of JAAA versus its 200-day moving average:
JAAA’s 52-week range shows a low point of $49.69 per share and a high point of $51.05 per share. This compares with a last trade price of $50.69.
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 the week-over-week change in shares outstanding data to keep a lookout for ETFs experiencing notable inflows (many new units created) or outflows (many units destroyed). Creation of new units means the ETF’s underlying holdings need to be purchased, while 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 »](#)
Also see:
– OMEX Insider Buying
– Top Ten Hedge Funds Holding ZMH
– LMT RSI
*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/jaaa-etf-outflow-alert
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