IGSB, URTY: Big ETF Outflows
May 20, 2024 at 10:49 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 1-5 Year Investment Grade Corporate Bond ETF, where 13,350,000 units were destroyed, or a 3.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro Russell200o, which lost 3,800,000 of its units, representing a 33.5% decline in outstanding units compared to the week prior.