Investors Withdraw $562.7 Million Over Just a Week
In the latest week, the iShares 7-10 Year Treasury Bond ETF (Symbol: IEF) has seen a significant decline in shares outstanding, with an approximate outflow of $562.7 million. This represents a 1.8% decrease week over week, dropping from 343,700,000 to 337,600,000 shares.
The chart below illustrates IEF’s price performance over the past year, juxtaposed with its 200-day moving average:
Over the last year, IEF has experienced a low point of $91.02 per share and a high of $99.18, with the most recent trade at $91.94. Evaluating the current price against the 200-day moving average can yield valuable insights, aiding in technical analysis for investors.
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Exchange-traded funds (ETFs) operate similarly to stocks; however, investors buy and sell “units” instead of “shares.” These units can be traded just as stocks, while also being created or destroyed based on demand. Each week, we track changes in outstanding shares to identify ETFs that are experiencing significant inflows or outflows. The creation of new units indicates a need to purchase the underlying assets, while the destruction of units usually involves selling those assets. Thus, substantial flows can impact the individual components maintained within the ETFs.
Click here to see which 9 other ETFs faced notable outflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
