iShares 20+ Year Treasury Bond ETF Sees Notable Outflow This Week
ETF Overview
This week, among the ETFs tracked by ETF Channel, the iShares 20+ Year Treasury Bond ETF (Symbol: TLT) has notable activity. The ETF experienced an outflow of approximately $576.5 million, representing a 1.2% decrease in shares outstanding, decreasing from 551 million to 544.4 million shares week over week.
Price Performance Analysis
Examining TLT’s price performance over the past year reveals a low of $84.89 per share and a high of $101.64. Currently, TLT is trading at $88.01. The chart below illustrates TLT’s performance compared to its 200-day moving average:
Understanding ETF Dynamics
Exchange-traded funds (ETFs) function similarly to stocks, where investors buy and sell units instead of shares. These units can be traded like stocks but may also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (existing units destroyed). Notably, the creation of new units necessitates purchasing the underlying assets of the ETF, while the destruction of units involves selling those underlying holdings. Such large flows can, therefore, impact the individual components within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows.
Additional Insights
In related market trends, notable activities include:
- Mortgage REITs Hedge Funds Are Selling
- Top Ten Hedge Funds Holding FMY
- FSB Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
