Municipal bond funds experienced another turn around and reported outflows for the latest week, according to Lipper data released on Thursday.
Weekly reporting funds experienced $252.457 million of outflows in the week ended Sept. 30, after inflows of $231.252 million the week before, Lipper said.
The latest outflow brings to 21 out of 40 weeks this year that the funds have seen cash flowing out. Flows for the year to date remain in the green, totaling over $1.4 billion.
The four-week moving average remained negative at $132.065 million after being in the red at $215.571 million in the previous week. The moving average has now been negative for 20 weeks in a row. A moving average is an analytical tool used to smooth out price changes by filtering out fluctuations.
Long-term muni bond funds experienced outflows, losing $7.271 million in the latest week, following inflows of $752.920 million in the previous week. Intermediate-term funds had outflows of $92.709 million on top of shedding $61.783 million in the prior week.
Exchange traded funds reported inflows of $137.849 million, after outflows of $90.678 million in the previous week.
And high-yield muni funds reported outflows of $10.488 million in the latest reporting week, after an inflow of $178.146 million the previous week.
