iShares 1-3 Year Treasury Bond ETF Experiences Significant Outflow

Recent data from ETF Channel highlights a notable shift in the iShares 1-3 Year Treasury Bond ETF (Symbol: SHY), which has seen an approximate $296.6 million outflow. This figure represents a 1.2% decrease in shares outstanding, dropping from 293,800,000 to 290,200,000 over the past week.

The chart below illustrates SHY’s one-year price performance in relation to its 200-day moving average:

Currently, SHY’s share price is $82.42, situated between its 52-week low of $81.21 and high of $83.30. Investors frequently utilize comparisons of the latest share price against the 200-day moving average for technical analysis.

Exchange-traded funds (ETFs) operate similarly to stocks; however, investors buy and sell “units” rather than shares. These units can be traded like stocks but can also be created or destroyed to meet investor demand. Each week, we track the changes in shares outstanding to identify ETFs with significant inflows—indicating newly created units—or outflows—indicating units that have been removed. When new units are created, the underlying assets must be purchased, while the opposite occurs when units are destroyed.

To learn more about other ETFs that have experienced notable outflows, click here.

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