Strong Inflows Highlight iShares 0-3 Month Treasury Bond ETF Performance
This week, the iShares 0-3 Month Treasury Bond ETF (Symbol: SGOV) experienced a significant uptick in its shares outstanding. Notably, the ETF recorded an inflow of approximately $684.6 million, reflecting a 1.8% increase in outstanding units from 383,950,000 to 390,750,000.
The chart below illustrates SGOV’s one-year price performance in relation to its 200-day moving average:
SGOV’s price history reveals a 52-week low of $100.15 per share, while the high stands at $100.75, compared to the latest trade price of $100.35. Analyzing the share price against the 200-day moving average serves as a valuable technical analysis tool.
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Exchange-traded funds (ETFs) function similarly to stocks but involve “units” instead of “shares.” Investors can trade these units as they would stocks, and they can also be created or destroyed based on demand. Each week, we track changes in outstanding units to identify ETFs showing notable inflows or outflows. An increase in units generally necessitates the purchase of the ETF’s underlying assets, while a reduction involves selling them. Hence, substantial flows can influence the individual securities within ETFs.
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 do not necessarily reflect those of Nasdaq, Inc.
