Notable $480.8 Million Outflow from iShares 3-7 Year Treasury Bond ETF
Recent data from ETF Channel highlights a striking change in shares outstanding for the iShares 3-7 Year Treasury Bond ETF (Symbol: IEI). The fund experienced an outflow of approximately $480.8 million, which translates to a 3.0% decrease week-over-week, reducing the shares outstanding from 135,200,000 to 131,100,000.
IEI Price Performance Overview
In the chart below, we can observe the one-year price performance of IEI alongside its 200-day moving average:
From the chart, it is evident that IEI’s 52-week trading range saw a low of $113.16 per share, with its 52-week high reaching $120.28. The most recent trading price stands at $117.16. Utilizing the comparison of the latest share price to the 200-day moving average can provide valuable insights for technical analysis. For those interested, you can learn more about the 200-day moving average here.
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Exchange-traded funds (ETFs) operate similarly to stocks; however, investors trade “units” instead of “shares.” These units can be bought and sold like stocks but can also be created or destroyed to meet investor demand. Each week, we monitor week-over-week changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units necessitates purchasing the ETF’s underlying holdings, while the destruction of units involves selling those holdings. Consequently, major inflows or outflows can impact the individual assets within the ETFs.
Click here to discover which 9 other ETFs experienced 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.
