iShares 3-7 Year Treasury Bond ETF Sees Significant Inflow
Today, we focus on the week-over-week changes in shares outstanding for various ETFs tracked by ETF Channel. A notable highlight is the iShares 3-7 Year Treasury Bond ETF (Symbol: IEI), which has recorded an inflow of approximately $188.2 million. This represents a 1.2% week-over-week increase in outstanding units, rising from 133,600,000 to 135,200,000.
Price Performance Analysis
The chart below illustrates IEI’s price performance over the past year, alongside its 200-day moving average:
In the past 52 weeks, IEI’s lowest price was $113.16 per share, while the highest reached $120.28. The most recent trading price stands at $117.54. Comparing the latest share price with the 200-day moving average can provide valuable insights for technical analysis—[learn more about the 200-day moving average](https://www.pivotandflowdaily.com).
Understanding ETF Unit Trading
Exchange Traded Funds (ETFs) operate similarly to stocks; however, investors buy and sell “units” instead of “shares.” These units can be exchanged like stocks, but they can also be created or destroyed based on investor demand. We monitor these changes each week, focusing on ETFs that show significant inflows (with new units created) or outflows (with existing units destroyed). The creation of new units necessitates the purchase of underlying holdings, whereas a reduction of units results in selling those holdings. Consequently, substantial flows can also influence the individual components held within ETFs.
Click here to discover which 9 other ETFs experienced notable inflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
