iShares 1-3 Year Treasury Bond ETF Sees $297.2 Million Inflow
In a notable week-over-week change, the iShares 1-3 Year Treasury Bond ETF (Symbol: SHY) experienced an inflow of approximately $297.2 million. This represents a 1.2% increase in outstanding units, rising from 290,200,000 to 293,800,000.
The chart below illustrates SHY’s one-year price performance alongside its 200-day moving average:
Currently, SHY’s share price is $82.60, positioned between its 52-week low of $81.21 and high of $83.30. Analyzing the share price against the 200-day moving average can provide valuable technical insights.
ETFs, such as SHY, function like stocks, with investors buying and selling “units” rather than “shares.” These units can be traded back and forth or created and destroyed based on investor demand. Each week, we monitor the changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units necessitates purchasing the underlying holdings, while destruction involves selling those holdings, affecting the components within the ETFs.
For additional insights into other ETFs that experienced notable inflows, more information is available.
Also see:
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- DFVS Shares Outstanding History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
