Vanguard Long-Term Bond ETF Sees Significant Outflow of $116.5 Million
The Vanguard Long-Term Bond ETF (Symbol: BLV) has experienced a notable week-over-week decline. Recent data shows an outflow of approximately $116.5 million, resulting in a 2.0% decrease in shares outstanding – dropping from 81,600,000 to 80,000,000.
The accompanying chart illustrates BLV’s price performance over the past year, compared to its 200-day moving average:
In the past 52 weeks, BLV reached a low of $67.45 and a high of $76.87, with the most recent trading price at $72.42. Comparing the current share price to the 200-day moving average serves as an important tool for technical analysis, providing insight into the ETF’s performance trends.
Investors should note that exchange-traded funds (ETFs) operate similarly to stocks, but what’s traded are “units” rather than traditional shares. These “units” can be bought and sold like stocks, and they can also be created or destroyed to meet investor demand. Each week, we track changes in shares outstanding to identify ETFs that are experiencing significant inflows (indicating new unit creation) or outflows (indicating unit destruction). The creation of new units typically requires purchasing the underlying assets, while the destruction involves selling them, which can influence the performance of the ETF’s individual holdings.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- ETFs Holding IRBT
- Institutional Holders of TSNU
- VNO Price Target
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
