SPDR Bloomberg 1-3 Month T-Bill ETF Sees $940 Million Outflow
Recently, the SPDR Bloomberg 1-3 Month T-Bill ETF (Symbol: BIL) has caught attention for its significant changes in shares outstanding. Over the last week, the ETF experienced an approximate outflow of $940 million, marking a 1.9% decrease in shares from 535,844,503 to 525,594,503.
Performance Overview
The following chart illustrates BIL’s price performance over the past year compared to its 200-day moving average:
BIL’s recent trading price stands at $91.72. Its 52-week low is recorded at $91.29, and the high is $91.83. Analyzing the current price in relation to the 200-day moving average can offer valuable insights for technical analysis.
Understanding ETF Share Changes
Exchange-traded funds (ETFs) operate similarly to stocks, but rather than “shares,” investors buy and sell “units.” These units can be created or eliminated based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with notable inflows (new units created) or outflows (units destroyed). Large flow movements can influence the individual assets held within ETFs, as purchasing new units requires buying underlying holdings, while unit destruction necessitates selling.
To learn about other ETFs that have shown significant outflows, see the information below.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
