VCSH, OVLH: Big ETF Outflows
May 06, 2024 at 11:19 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 Vanguard Short-Term Corporate Bond ETF, where 20,094,690 units were destroyed, or a 4.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the OVLH ETF, which lost 300,000 of its units, representing a 30.0% decline in outstanding units compared to the week prior.