SPDR Portfolio Long Term Treasury ETF Experiences Significant Outflows
Looking at the latest data on exchange-traded funds (ETFs) from ETF Channel, one ETF has drawn attention this week: the SPDR Portfolio Long Term Treasury ETF (Symbol: SPTL). The fund has seen a substantial outflow of approximately $188.5 million, translating to a 1.8% decline in shares outstanding, dropping from 391,800,000 to 384,800,000.
Examining the above chart, SPTL’s performance shows a 52-week low of $25.9302 per share and a high of $29.945, with the latest trade recorded at $26.73. Evaluating the current share price against the 200-day moving average can offer additional insights for investors, serving as a key technical analysis tool.
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Exchange-traded funds (ETFs) function similarly to stocks, but they trade in “units” rather than “shares.” Each week, we analyze the changes in shares outstanding to identify ETFs that are experiencing notable inflows—indicating new units being created—or outflows, which involve the destruction of existing units. When new units are created, the ETF must acquire the underlying assets, while outflows require the sale of these assets. Understanding these dynamics is crucial because large movement of funds can influence the individual securities within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
