iShares 3-7 Year Treasury Bond ETF Sees $212 Million Outflow
Notable Changes in Shares Outstanding
iShares 3-7 Year Treasury Bond ETF (Symbol: IEI) experienced an outflow of approximately $212 million, marking a 1.3% week-over-week decrease. Shares outstanding dropped from 136,500,000 to 134,700,000.
Price Performance Overview
The chart below illustrates IEI’s one-year price performance alongside its 200-day moving average:
IEI’s 52-week low is $113.85 per share, while the high is $120.28. The most recent trade occurred at $117.61, providing significant context for investors assessing technical trends against the 200-day moving average.
Exchange-traded funds (ETFs) function like stocks, trading in “units” rather than shares. Weekly monitoring of changes in shares outstanding helps identify ETFs with significant inflows (indicating new units created) or outflows (indicating units destroyed). The creation of new units necessitates purchasing underlying assets, while unit destruction involves selling those assets, potentially impacting the ETF’s individual components.
Find out which 9 other ETFs experienced notable outflows »
See Also:
- Steven Cohen Stock Picks
- RBKB Shares Outstanding History
- BK Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.