Significant Increase in Outstanding Units Signals Investor Interest
Looking at the latest data from ETF Channel, the iShares Short Treasury Bond ETF (Symbol: SHV) has made headlines this week. An inflow of approximately $439.5 million has resulted in a 2.4% increase in outstanding units, rising from 165,270,000 to 169,250,000.
The chart above illustrates SHV’s price performance over the past year, highlighting its 52-week range. The ETF’s low point was $109.85 per share, while the high reached $110.64. The last recorded trade stood at $110.43. Analyzing the current share price against its 200-day moving average offers a useful perspective for traders.
Exchange-traded funds (ETFs), like SHV, operate similarly to stocks but involve “units” instead of shares. These units enable investors to buy and sell in the market while also being created or destroyed based on demand. To track fluctuations in the investor appetite, we monitor weekly changes in shares outstanding. Substantial inflows indicate new units are being issued, which requires purchasing the underlying assets, while outflows signal the sale of those assets.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are those of the author and may not necessarily reflect the views of Nasdaq, Inc.
