Invesco Short Term Treasury ETF Sees Significant $120.2 Million Outflow

This week, the Invesco Short Term Treasury ETF (Symbol: TBLL) experienced a notable outflow of approximately $120.2 million, marking a 4.8% decrease in shares outstanding—from 23,650,000 to 22,510,000.

The accompanying chart displays TBLL’s one-year price performance against its 200-day moving average:

In examining the chart, TBLL shows a low point of $105.34 per share within its 52-week range, while the high reached $105.99. The most recent trade was at $105.42. Analyzing the current share price in relation to the 200-day moving average can be an effective technical assessment.

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Exchange-traded funds (ETFs) function similarly to stocks. However, investors are trading “units” instead of “shares.” These units can be exchanged like stocks but can also be created or destroyed based on investor demand. Every week, we monitor changes in shares outstanding to identify ETFs with significant inflows or outflows. Creating new units necessitates purchasing the ETF’s underlying assets, while destroying units involves selling those assets; thus, substantial flows can impact the individual components within the ETFs.

Click here to see which 9 other ETFs experienced notable outflows.

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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.