Large Inflow Detected in Treasury Bond ETF (TLT)

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March 5, 2019 2:15pm NASDAQ:TLT

ETF investing

From ETF Channel: Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.


Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 20+ Year Treasury Bond ETF (TLT) where we have detected an approximate $322.9 million dollar inflow — that’s a 3.0% increase week over week in outstanding units (from 90,300,000 to 93,000,000).

The chart below shows the one-year price performance of TLT, versus its 200 day moving average:

iShares 20+ Year Treasury Bond ETF 200 Day Moving Average Chart


The iShares 20+ Year Treasury Bond ETF (TLT) was trading at $119.53 per share on Tuesday afternoon, down $0.06 (-0.05%). Year-to-date, TLT has declined -4.98%, versus a 4.98% rise in the benchmark S&P 500 index during the same period.

TLT currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #16 of 28 ETFs in the Government Bonds ETFs category.


This article is brought to you courtesy of ETF Channel.


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