SPDR Portfolio Short Term Treasury ETF Sees Significant Outflow
The SPDR Portfolio Short Term Treasury ETF (Symbol: SPTS) has recently experienced a notable outflow of approximately $64.2 million. This represents a 1.1% decrease in shares outstanding, dropping from 198,300,000 to 196,100,000 over the past week.
The chart below illustrates the one-year price performance of SPTS in relation to its 200-day moving average:
Over the last year, SPTS had a low point of $28.62 per share and peaked at $29.46, with the most recent trading price being $29.18. Analyzing the current share price against the 200-day moving average can provide investors with valuable insights into market trends.
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Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” rather than shares. These units can be traded like stocks and can also be created or destroyed based on investor demand. Our weekly monitoring tracks significant inflows (creation of new units) or outflows (destruction of units), as these movements can influence the underlying assets within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Additional Resources:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
