Vanguard’s VGIT Sees $331.4 Million Increase in Units
This week, there’s been a notable development in the world of exchange-traded funds (ETFs) as the Vanguard Intermediate-Term Treasury ETF (Symbol: VGIT) attracted approximately $331.4 million in inflows. This surge represents a 1.1% increase in units outstanding, rising from 525,018,788 to 530,645,060.
Below, you can find a chart displaying VGIT’s one-year price performance alongside its 200-day moving average:
In examining the chart, VGIT’s price has fluctuated between a low of $57.03 and a high of $60.82 over the last year. Currently, the latest trade stands at $59.03. Comparing the current share price to the 200-day moving average can offer valuable insights into market trends and investor behavior.
For those new to ETFs, it’s essential to note that while they trade like stocks, they operate with “units” instead of “shares.” These units can be bought and sold, and they can also be created or removed in response to market demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (old units removed). When new units are created, it necessitates purchasing the underlying assets of the ETF, while the removal of units involves selling those assets. Therefore, large inflows or outflows can impact the individual components within the ETF.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- ZIXI Videos
- OXBR Options Chain
- ENT Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
