Weekly Analysis Shows $131.4 Million Withdrawn from TIP
In a recent evaluation of exchange-traded funds (ETFs), the iShares TIPS Bond ETF (Symbol: TIP) has drawn attention due to an approximate $131.4 million outflow. This represents a 0.7% decrease week over week, reducing shares outstanding from 167,600,000 to 166,400,000.
The chart below illustrates TIP’s price performance over the last year alongside its 200-day moving average:
Analyzing the chart, TIP’s lowest point in the past 52 weeks was $102.32 per share, while its highest reached $111.06. The most recent trade price stands at $109.13. Investors often use the 200-day moving average as a technical analysis tool to gauge stock performance.
ETFs, such as TIP, function similarly to stocks. However, instead of purchasing “shares,” investors buy and sell “units.” These units can fluctuate in number according to market demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (indicating new units) or outflows (indicating units being retired). The creation of new units requires buying the underlying holdings, while retiring units necessitates selling them. Therefore, substantial outflows can impact the individual assets within ETFs.
Click here to explore nine other ETFs experiencing notable outflows »
Also see:
- LEDS Historical Stock Prices
- Y Historical Stock Prices
- BID Shares Outstanding History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
