Significant Outflow Detected in SPDR Portfolio Short Term Treasury ETF
Examining the week-over-week changes in shares outstanding for ETFs, the SPDR Portfolio Short Term Treasury ETF (Symbol: SPTS) has experienced a notable outflow. Approximately $130.9 million has left the fund, marking a 2.2% decrease from 202,400,000 to 197,900,000 shares.
The chart below illustrates SPTS’s one-year price performance compared to its 200-day moving average:
In reviewing the chart, the 52-week low for SPTS is $28.71 per share, while the 52-week high stands at $29.46. The most recent trade price is $29.11. Evaluating the current share price against the 200-day moving average serves as a helpful technical analysis approach.
Exchange-traded funds (ETFs) function similarly to stocks. However, instead of purchasing ”shares,” investors buy and sell ”units.” These units can be traded much like stocks but can also be created or canceled based on investor demand. We track week-over-week changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (signaling old units destroyed). The creation of new units necessitates the purchase of the fund’s underlying holdings, whereas the destruction of units involves selling them. Consequently, large flows can affect the individual components held within ETFs.
For more insights, click here to discover which nine other ETFs have also recorded significant outflows.
See Also:
- Top Stocks Held By Cathie Wood
- Institutional Holders of IGHG
- Top Ten Hedge Funds Holding FRPH
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
