Looking at recent data from ETF Channel, the iShares 3-7 Year Treasury Bond ETF (Symbol: IEI) has experienced a noteworthy outflow of approximately $82.4 million. This represents a 0.6% decrease in shares outstanding on a week-over-week basis, dropping from 125,000,000 to 124,300,000.
Analyzing the chart above, we see that IEI reached a low of $111.4494 per share and a high of $120.28 within the last year. Currently, the ETF’s share price stands at $117.93. Investors often compare the latest share price to the 200-day moving average for additional insights into performance trends.
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Exchange Traded Funds (ETFs) function similarly to stocks; however, investors trade “units” instead of shares. These units can be created or destroyed based on investor demand. Weekly monitoring of changes in shares outstanding helps identify ETFs with significant inflows (indicating the creation of new units) or outflows (suggesting the destruction of existing units). When new units are created, the underlying assets must be acquired, while selling existing units involves liquidating those underlying assets. Thus, hefty flows can influence the individual assets held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
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- TSRI YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
