$1.9 Billion Inflow Boosts iShares 0-3 Month Treasury Bond ETF
Examining recent changes in shares outstanding week-over-week among ETFs, a notable highlight is the iShares 0-3 Month Treasury Bond ETF (Symbol: SGOV). The fund has experienced an inflow of approximately $1.9 billion, reflecting a 4.8% increase in outstanding units, increasing from 390,750,000 to 409,350,000.
The accompanying chart illustrates SGOV’s price performance over the past year, contrasted with its 200-day moving average:
In analyzing the chart, SGOV’s share price has fluctuated with a low point of $100.15 and a high of $100.75 within the past 52 weeks. The last recorded trade was at $100.43. Comparing this latest price to the 200-day moving average can serve as an effective technical analysis tool — learn more about the 200-day moving average here.
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Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell ‘units’ rather than ‘shares.’ These ‘units’ can be traded just like stocks, but they can also be created or destroyed to respond to investor demand. Each week, we monitor the changes in shares outstanding, identifying ETFs experiencing significant inflows (new units created) or outflows (existing units destroyed). When new units are created, the ETF must acquire its underlying holdings, and when units are destroyed, it involves selling those holdings. Consequently, these large flows can also impact individual components held within the ETFs.
Click here to discover which 9 other ETFs had notable inflows »
Also see:
- Funds Holding ROG
- Funds Holding WPRT
- LGCY Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
