Looking at recent data from ETF Channel, the iShares 3-7 Year Treasury Bond ETF (Symbol: IEI) stands out with a significant inflow of approximately $240.8 million. This represents a 1.7% increase in shares outstanding, moving from 126,100,000 to 128,200,000 units over the past week.
In the past year, IEI has seen its share price range from a low of $113.16 to a high of $120.28, with the most recent trade reflecting a price of $115.40. Analyzing the current share price compared to the 200-day moving average offers valuable insights for investors — exploring the implications of this moving average can enhance your strategy.
Exchange-traded funds (ETFs) operate similarly to stocks, but investors buy and sell “units.” These units can be created or destroyed based on investor demand and may lead to changes in the underlying holdings of the ETF. Weekly tracking of outstanding shares helps identify ETFs that show significant inflows (indicating new unit creation) or outflows (indicating unit destruction). Notably, creation of new units requires purchasing underlying assets, while destruction means selling them, affecting associated components within the ETF.
Click here to find out which 9 other ETFs had notable inflows »
Additional Insights:
- David Einhorn Stock Picks
- RGC Historical Stock Prices
- Top Ten Hedge Funds Holding CSAL
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
