In a recent review of ETF share changes, the iShares U.S. Treasury Bond ETF (Symbol: GOVT) has caught our attention. An inflow of approximately $258.1 million has led to a 0.9% growth week over week in outstanding units, increasing from 1,302,900,000 to 1,314,400,000.
The chart below outlines the price performance of GOVT over the past year, alongside its 200-day moving average:
As depicted in the chart, GOVT has experienced a low of $22.08 and a high of $23.689 over the past year, with its most recent trade recorded at $22.39. Comparing the latest share price with the 200-day moving average can provide valuable insights into market trends — to learn more about this technique, check out the 200-day moving average.
Exchange traded funds (ETFs) function similarly to stocks; however, investors are essentially buying and selling “units.” These units can be created or destroyed based on investor demand. Each week, we monitor changes in outstanding shares to identify ETFs with significant inflows (indicating new units created) or outflows (indicating units destroyed). When new units are created, the ETF needs to acquire the underlying assets, while the destruction of units involves selling those assets, which can influence the individual components within the ETFs.
Click here to discover 9 other ETFs that experienced notable inflows »
Also see:
- Institutional Holders of IHY
- Top Ten Hedge Funds Holding BETE
- BLNK Videos
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
