FLOT, BVAL: Big ETF Outflows
April 29, 2020 at 10:50 AM EDT
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Floating Rate Bond ETF, where 13,700,000 units were destroyed, or a 8.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the BVAL ETF, which lost 450,000 of its units, representing a 32.1% decline in outstanding units compared to the week prior.