In the most recent week, the iShares 0-3 Month Treasury Bond ETF (Symbol: SGOV) has attracted significant attention. An inflow of approximately $366.4 million has led to a 1.2% increase in outstanding units, rising from 292,900,000 to 296,550,000 units.
The following chart illustrates SGOV’s price performance over the past year, compared to its 200-day moving average:
Over the last 52 weeks, SGOV hit a low of $100.15 and a high of $100.75 per share. Currently, the last recorded trade was $100.39. Investors often compare the recent share price to the 200-day moving average as part of their technical analysis strategy—learn more about the 200-day moving average here.
Exchange-traded funds (ETFs) operate similarly to stocks, but instead of “shares,” investors buy and sell “units.” These units can be traded freely and can also be created or destroyed based on market demand. Our weekly monitoring of shares outstanding helps identify ETFs that are experiencing significant inflows (more new units) or outflows (more units being removed). The creation of new units entails purchasing the holdings within the ETF, while a reduction involves selling these holdings. Consequently, large flows can influence the individual assets contained in ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Institutional Holders of QQQJ
- Institutional Holders of TBCP
- Funds Holding HCFT
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
