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Significant Outflows Observed in VTEB ETF

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Significant Outflow Detected in Vanguard Tax-Exempt Bond ETF

ETF Experiences $221.7 Million Drop in Shares Outstanding

This week, the Vanguard Tax-Exempt Bond ETF (Symbol: VTEB) experienced a notable change in its shares outstanding. An outflow of approximately $221.7 million occurred, resulting in a week-over-week decrease of 0.6%. The shares outstanding fell from 716,961,196 to 712,545,093.

The chart below illustrates the one-year price performance of VTEB against its 200-day moving average:

Vanguard Tax-Exempt Bond ETF 200 Day Moving Average Chart

According to the chart, VTEB’s 52-week low was $49.54 per share, while its high reached $51.17. Currently, the ETF is trading at $50.10. Investors often use the 200-day moving average for technical analysis, comparing recent prices to this average to gauge market trends.

Exchange-traded funds (ETFs) function similarly to stocks. Instead of purchasing shares, investors buy and sell “units.” These units can be traded just like shares of stock but can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs facing either significant inflows (new units created) or outflows (existing units destroyed). The creation of new units necessitates purchasing the underlying holdings, while unit destruction entails selling off these holdings. Therefore, large asset flows can significantly affect the individual components of ETFs.

nslideshow Click here to discover which 9 other ETFs faced notable outflows »

Also see:
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  • Top Ten Hedge Funds Holding QEFA
  • Funds Holding HIGH

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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