iShares 1-3 Year Treasury Bond ETF Experiences Big Outflow
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2024
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Source: NASDAQ.COM
- Stock Analysis: The stock SHY has a 52-week range from $80.55 to $82.39 per share, with the last trade at $81.38. It is suggested to compare the recent share price to the 200-day moving average for technical analysis.
- Exchange Traded Funds (ETFs): ETFs are traded like stocks, where investors buy and sell "units." These units can be created or destroyed based on investor demand, impacting the underlying holdings of the ETF.
- Monitoring ETFs: Weekly monitoring of changes in shares outstanding data helps identify ETFs with notable inflows (new units created) or outflows (old units destroyed), which affect the ETF's components.
- Notable Outflows: There are 9 other ETFs experiencing significant outflows, which can influence the buying or selling of underlying holdings within those ETFs.
- Disclaimer: The views expressed in the content are those of the author and may not represent Nasdaq, Inc.'s opinions.
Analyst Views on SHY
Wall Street analysts forecast SHY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SHY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 82.810
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Current: 82.810
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
