In the latest weekly review of ETF trends, the iShares Short Treasury Bond ETF (Symbol: SHV) reported a notable outflow of approximately $125.6 million. This marks a 0.7% decrease in shares outstanding, dropping from 169,250,000 to 168,110,000.
The chart below illustrates SHV’s one-year price performance against its 200-day moving average:
According to the chart, SHV’s price has fluctuated within a 52-week range of $109.85 as the low point and $110.64 as the high. Its most recent share price is $110.15. Analyzing the current share price in relation to the 200-day moving average can provide additional insights for traders.
Exchange-traded funds (ETFs) function similarly to stocks. However, investors buy and sell “units” instead of “shares.” These units can be traded like stocks, but they can also be created or destroyed based on investor demand. Each week, we monitor the changes in outstanding shares to identify ETFs with significant inflows (indicating new units created) or outflows (signaling old units destroyed). When new units are created, the underlying assets of the ETF must be purchased. Conversely, when units are destroyed, those underlying investments are sold. Therefore, large inflows or outflows can significantly affect the individual holdings within the ETF.
Click here to find out which 9 other ETFs experienced notable outflows »
Related Information:
- Shares Outstanding History
- IMH Videos
- Top Ten Hedge Funds Holding ETHW
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