Municipal bond funds reported cash redemptions in the latest week, according to Lipper data released on Thursday.
Funds that report weekly said they had $344.563 million of outflows in the week ended Aug. 26, after inflows of $43.656 million in the previous week, Lipper reported.
The latest inflow brings to 17 out of 35 weeks this year that the funds have seen a cash infusion. Inflows for the year to date are still in the green, totaling $2.663 billion.
The four-week moving average remained negative at $149.516 million after being in the red at $81.719 million in the previous week. The moving average has now been negative for 14 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 also experienced outflows, losing $29.224 million in the latest week, after inflows of $289.019 million in the previous week. Intermediate-term funds saw outflows of $44.327 million after outflows of $6.790 million.
Exchange traded funds reported inflows of $61.284 million, after outflows of $19.800 million in the previous week.
And high-yield muni funds experienced outflows of $40.317 million in the latest reporting week, after an inflow of $182.789 million the previous week.
In the past 18 weeks, high-yield funds have seen outflows 12 times totaling $1.815 billion and inflows six times totaling $322.011 million.
