FLOT, IBHD: Big ETF Outflows
May 15, 2020 at 10:54 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 5,000,000 units were destroyed, or a 3.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the iShares iBonds 2024 Term High Yield and Income ETF, which lost 200,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.