Vanguard Tax-Exempt Bond ETF Sees $151.7 Million Outflow

In recent trading, the Vanguard Tax-Exempt Bond ETF (Symbol: VTEB) stands out due to a significant week-over-week change in shares outstanding. This ETF has recorded an approximate outflow of $151.7 million, equating to a 0.4% decrease—from 727,453,509 to 724,409,428 shares.

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

According to the chart, VTEB has a 52-week low of $49.13 per share, while its 52-week high reaches $51.17. The most recent trading price stands at $49.19. For those analyzing market trends, comparing current share prices with the 200-day moving average can be an effective technical analysis method. To learn more about this technique, visit this link.

Exchange-traded funds (ETFs) operate like stocks, with investors buying and selling “units” instead of shares. These units are traded on the market and can also be created or destroyed in response to investor demand. Each week, we monitor changes in shares outstanding to identify ETFs experiencing significant inflows (new units created) or outflows (units destroyed). When new units are created, the underlying assets of the ETF must be purchased, whereas the destruction of units involves selling those holdings. As a result, large flows can impact the individual components within the ETFs.

Click here to find out which 9 other ETFs have experienced notable outflows »

Also see:

• DRN Dividend History
• STM Shares Outstanding History
• GHYB Options Chain

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