ETF Sees $157 Million Increase in Outstanding Units
Looking at the changes in shares outstanding among ETFs this week, the iShares 7-10 Year Treasury Bond ETF (Symbol: IEF) stands out. The fund has experienced around $157.0 million in inflows, leading to a 0.5% week-over-week increase in outstanding units, rising from 339,300,000 to 341,000,000.
Analyzing the chart above reveals that IEF’s 52-week low is $91.02 per share, while the high reached $99.18. The latest trade occurred at $92.57. Comparing this recent share price against the 200-day moving average can provide valuable insights for traders and investors alike.
Exchange-traded funds (ETFs) function similarly to stocks, but investors trade “units” rather than shares. These units can be bought and sold, and they may be created or destroyed based on market demand. Each week, we examine the changes in shares outstanding to identify ETFs that are experiencing significant inflows (indicative of new unit creation) or outflows (suggesting unit destruction). Notably, when new units are created, the ETF needs to acquire additional underlying assets, while the destruction of units requires selling existing holdings. Consequently, large inflows and outflows can have a significant impact on the individual stocks within the ETF.
Click here to discover 9 other ETFs that have seen notable inflows »
Additional Resources:
- RGCO Videos
- DRI Dividend Growth Rate
- HST Videos
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
