The nebula is approximately 8,000 years old. It is approximately circular in cross-section with a little visible internal structure. It was formed from the outflow of material from the stellar wind of the central star as it evolved along the asymptotic giant branch. The nebula is arranged in three concentric shells, with the outermost shell being about 20–30% larger than the inner shell. The owl-like appearance of the nebula is the result of an inner shell that is not circularly symmetric, but instead forms a barrel-like structure aligned at an angle of 45° to the line of sight.
The nebula holds about 0.13 solar masses of matter, including hydrogen, helium, nitrogen, oxygen, and sulfur; all with a density of less than 100 particles per cubic centimeter. Its outer radius is around 69 and it is expanding with velocities in the range of 27–39 km/s into the surrounding interstellar medium.