Unveiling the Numbers
Looking at week-over-week shares outstanding changes, the iShares 7-10 Year Treasury Bond ETF (Symbol: IEF) has shown a noteworthy $188.1 million dollar outflow. This marks a 0.7% decrease from 296,700,000 to 294,700,000 shares.
Analyzing Price Performance
A glance at the chart reveals IEF’s one-year price performance compared to its 200-day moving average. The ETF hit a low of $88.855 per share within the 52-week range, while soaring to a high of $100.80. The latest trade stands at $93.86. Assessing the recent share price against the 200-day moving average can offer valuable insights for technical analysis.
ETFs Unveiled
Exchange traded funds (ETFs) operate akin to stocks, with investors trading “units” instead of shares. These units are tradable similar to stocks but can be both created and destroyed to meet investor demand. Monitoring weekly changes in shares outstanding aids in identifying ETFs witnessing significant inflows (new units created) or outflows (old units destroyed). The creation of new units prompts the purchase of underlying holdings; conversely, the destruction of units entails selling these assets, impacting the components held within the ETFs.
Click here to discover 9 other ETFs experiencing significant outflows.
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The expressed views and opinions herein are solely those of the author and might not align with those of Nasdaq, Inc.
