Looking at recent changes in the world of ETFs, the iShares 0-3 Month Treasury Bond ETF (Symbol: SGOV) has attracted attention with a substantial inflow of approximately $829.5 million. This figure represents a 2.7% week-over-week increase in outstanding units, rising from 307,050,000 to 315,300,000.
The chart below illustrates SGOV’s price performance over the past year, compared to its 200-day moving average:
Over the last 52 weeks, SGOV’s share price has fluctuated between a low of $100.15 and a high of $100.75, with a recent trading price standing at $100.56. Evaluating the current share price against the 200-day moving average can provide valuable insights for investors.
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Exchange traded funds (ETFs) function similarly to stocks; however, investors buy and sell ‘units’ instead of ‘shares.’ These units can change based on investor demands, with the potential for the creation or destruction of units. Each week, we analyze changes in outstanding shares to identify ETFs experiencing significant inflows or outflows. When new units are created, it requires the purchase of the underlying assets, while the destruction of units results in the selling of those assets. Therefore, these large flows can influence the individual securities within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
• AMR Historical Stock Prices
• BFST Dividend Growth Rate
• RSF Market Cap History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
