Recent $62.1 Million Outflow from SPDR Nuveen Bloomberg Short Term Municipal Bond ETF

Week-Over-Week Changes in ETF Shares Reveal Notable Activity

In recent updates from ETF Channel, the SPDR Nuveen Bloomberg Short Term Municipal Bond ETF (Symbol: SHM) has made headlines due to a significant outflow. Approximately $62.1 million has left the fund, marking a 1.7% decrease in shares outstanding, which fell from 77,551,082 to 76,251,082 over the week.

The chart below illustrates SHM’s one-year price performance in relation to its 200-day moving average:

From the chart, SHM’s lowest share price in the past 52 weeks stands at $46.76, while the highest is $48.195. The most recent trade price was $47.73. Analysts often use comparisons between the latest share price and the 200-day moving average as a technical analysis tool, providing insights into market trends.

For context, exchange-traded funds (ETFs) operate similarly to stocks, but rather than purchasing “shares,” investors are trading “units.” These units can be easily bought and sold like stocks and are designed to adjust for investor demand by being created or destroyed. Each week, we track changes in the number of shares outstanding to identify ETFs with significant inflows (a creation of new units) or outflows (destruction of old units). Such fluctuations can directly influence the underlying assets held within the ETFs.

Click here to find out which 9 other ETFs experienced notable outflows »

Further Insights:

• Joel Greenblatt Stock Picks
• DDR YTD Return
• Top Ten Hedge Funds Holding HSNI

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