This week, the iShares 7-10 Year Treasury Bond ETF (Symbol: IEF) has stood out among ETFs tracked by ETF Channel, attracting an impressive $194.2 million in inflows. This marks a 0.6% increase in the number of outstanding units, rising from 337,600,000 to 339,700,000.
The accompanying chart illustrates a year’s price performance for IEF, alongside its 200-day moving average:
In the past 52 weeks, IEF has seen its share price dip to a low of $91.02, while reaching a peak of $99.18. The last trading price was $92.52. Analyzing this recent price against the 200-day moving average can provide additional insights for investors.
Exchange-traded funds (ETFs) operate similarly to stocks. Instead of “shares,” investors deal in “units.” These units can be exchanged like stocks, but they can also be created or destroyed based on investor demand. Each week, we observe changes in outstanding shares to identify ETFs that are experiencing either significant inflows, indicating new unit creation, or outflows, suggesting that units are being diminished. When new units are created, it signifies that the underlying assets need to be purchased, while outflows involve selling existing holdings.
Click here to discover which 9 other ETFs experienced notable inflows »
Also see:
- Large Caps By Top Market Capitalization
- Top Ten Hedge Funds Holding YGMZ
- BMEZ Dividend History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
