US Treasury 3 Month Bill ETF Sees Significant Inflows This Week

Today, we explore the recent week-over-week changes in shares outstanding for various ETFs covered at ETF Channel. A notable highlight is the US Treasury 3 Month Bill ETF (Symbol: TBIL), which has experienced an inflow of approximately $215.6 million. This marks a 4.3% increase in outstanding units, rising from 100,030,000 to 104,350,000 units.

TBIL Price Performance and Technical Analysis

The chart below illustrates TBIL’s price performance over the past year, compared to its 200-day moving average:

Within the last 52 weeks, TBIL reached a low of $49.81 per share and a high of $50.05, with the most recent trading price settling at $49.92. Analyzing the latest share price in relation to the 200-day moving average can also serve as a useful technique in technical analysis—[learn more about the 200-day moving average](https://www.pivotandflowdaily.com).

Understanding ETF Unit Dynamics

Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” rather than “shares.” These units are tradable just like stocks but can also be created or destroyed based on investor demand. Each week, we monitor the changes in shares outstanding to identify ETFs experiencing significant inflows (meaning many new units are created) or outflows (indicating many units are destroyed). The creation of new units necessitates purchasing the underlying holdings of the ETF, while the destruction involves selling them. Consequently, large flows can influence the individual components held within ETFs.

Click here to find out which 9 other ETFs had notable inflows. »

Also see:

• Technology Stocks Hedge Funds Are Selling
• VSTS Insider Buying
• BFX YTD Return

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