SGOV ETF Sees Significant Inflow: A Look at Performance Metrics
Strong Demand for iShares 0-3 Month Treasury Bond ETF
This week, the iShares 0-3 Month Treasury Bond ETF (Symbol: SGOV) has captured attention with a notable inflow of approximately $909.5 million. This corresponds to a 2.8% increase in outstanding units, rising from 329,050,000 to 338,100,000. Such substantial inflows can indicate growing investor confidence in the ETF.
The chart below illustrates SGOV’s price performance over the past year in relation to its 200-day moving average:
According to the chart, SGOV reached a low of $100.15 per share and a high of $100.75 in the past 52 weeks, with its latest trading price at $100.52. Analyzing the relationship between the current price and the 200-day moving average can be an effective approach for investors looking to assess performance.
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Exchange-traded funds (ETFs) are traded like stocks, but investors are buying and selling “units.” These units can be created or destroyed based on market demand. Each week, we keep track of changes in outstanding shares to identify ETFs with significant inflows (new units created) or outflows (units destroyed). An increase in units means the ETF must acquire more underlying holdings, whereas an outflow indicates selling off those holdings, which can also affect the individual stocks within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Socially Responsible Dividend Stocks
- VICR YTD Return
- Institutional Holders of BETR
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
