iShares Treasury Floating Rate Bond ETF Sees Significant Outflow This Week
Key Insights on Changes in ETF Units
Looking at the latest week-over-week changes in shares outstanding among ETFs tracked by ETF Channel, the iShares Treasury Floating Rate Bond ETF (Symbol: TFLO) is notable for its approximate $146.4 million outflow. This represents a 2.0% decrease from 142,800,000 units to 139,900,000 units.
Analyzing the price performance of TFLO over the past year reveals that its lowest point was $50.37 per share, while the highest was $50.76. The latest trade closed at $50.49, indicating slight fluctuations within this range. Investors often compare the current share price to the 200-day moving average for deeper market insights—an established technique in technical analysis.
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Exchange-Traded Funds, or ETFs, function similarly to stocks, but investors buy and sell “units” instead of shares. These units can be traded, created, or destroyed to match investor demand. Each week, we monitor the changes in outstanding units to identify ETFs with significant inflows or outflows. When new units are created, it necessitates purchasing the underlying assets; conversely, when units are destroyed, the assets must be sold. Therefore, sizable changes can influence the components within each ETF.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- MSLP Insider Buying
- PRAX Market Cap History
- UIHC Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
