SGOV Experiences Significant Inflows Marking an Increased Demand
Examining the week-over-week changes in shares outstanding for various ETFs, one notable highlight is the iShares 0-3 Month Treasury Bond ETF (Symbol: SGOV). This fund has attracted approximately $301.7 million in inflows, indicating a 1.1% rise in the number of outstanding units, increasing from 271,900,000 to 274,900,000.
The chart below illustrates SGOV’s price performance over the past year compared to its 200-day moving average:
SGOV has a 52-week low of $100.04 per share and a 52-week high of $100.75, with its latest trade at $100.56. Evaluating the current share price against the 200-day moving average can provide useful insights for technical analysis—learn more about the 200-day moving average.
Exchange-traded funds (ETFs) operate similarly to stocks; however, instead of buying “shares,” investors acquire “units.” These units can be traded like stocks, and they can also be created or liquidated based on market demand. Each week, we track the week-over-week outstanding shares to identify ETFs that are experiencing significant inflows (numerous new units created) or outflows (significant units destroyed). When new units are added, the underlying assets of the ETF must be purchased, while liquidating units involves selling the underlying investments. Consequently, considerable inflows or outflows can influence the individual components within these ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Additional Information:
- OKS Split History
- Top Ten Hedge Funds Holding IBDL
- HPS Dividend Growth Rate
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
