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IEI: significant outflows detected at the ETF

ILooking today at the ongoing week-over-week changes in stocks across the universe of ETFs covered by ETF Channel, one of the most notable is the iShares 3-7 Year Treasury Bond ETF (Symbol: IEI) where we detected an outflow of approximately $494.4 million — that’s a decrease of 4.8% week over week (from 84,600,000 to 80,500,000). The chart below shows IEI’s price performance over one year, compared to its 200-day moving average:

Looking at the chart above, IEI’s low point in its 52-week range is $120.31 per share, with $132.23 as its 52-week high – compare with a last trade of 120, $44. Comparing the most recent stock price to the 200-day moving average can also be a useful technical analysis technique – learn more about the 200-day moving average”.

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Exchange-traded funds (ETFs) trade like stocks, but instead of “stocks,” investors actually buy and sell “units.” These “units” can be traded like shares, but can also be created or destroyed to meet investor demand. Every week, we monitor the week-over-week trend of outstanding stock data, to monitor which ETFs are experiencing inflows (many new units created) or outflows (many old units destroyed) notables. The creation of new units will mean that the ETF’s underlying holdings must be bought, while the destruction of units involves the sale of underlying holdings, so large flows can also impact the individual components held in ETFs.

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

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


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