iShares 0-3 Month Treasury Bond ETF Sees $396.6 Million Inflow

Examining recent trends in ETF shares outstanding, the iShares 0-3 Month Treasury Bond ETF (Symbol: SGOV) stands out with a significant week-over-week change. The fund recorded an inflow of approximately $396.6 million, representing a 0.9% increase in outstanding units. This rise brought total units from 440,400,000 to 444,350,000.

Performance Overview

The chart below illustrates SGOV’s one-year price performance alongside its 200-day moving average:

This past year, SGOV reached a low of $100.15 per share and a high of $100.75. The most recent trade was recorded at $100.41. Analyzing the latest share price against the 200-day moving average can offer valuable insights for technical analysis.

Understanding ETF Units

Exchange-traded funds (ETFs) function like stocks, but instead of “shares,” investors buy and sell “units.” These units can be traded like stocks, and they can be created or destroyed based on investor demand. Weekly monitoring of the changes in shares outstanding allows for the identification of ETFs experiencing significant inflows (new units created) or outflows (units destroyed). An increase in unit creation usually indicates that the underlying assets of the ETF need to be purchased, while unit destruction typically involves selling off underlying holdings.

Large inflows or outflows can significantly affect the underlying components within ETFs.

Additional Insights

For more information on notable inflows in other ETFs, click here.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.