JNK, FTSM: Big ETF Outflows
ETF Channel Staff - Friday, May 29, 10:49 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Barclays High Yield Bond ETF (JNK), where 4,500,000 units were destroyed, or a 1.5% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Enhanced Short Maturity ETF (FTSM), which lost 3,250,276 of its units, representing a 23.7% decline in outstanding units compared to the week prior. Among the largest underlying components of FTSM, in morning trading today First Trust Senior Loan Fund ETF (FTSL) is trading flat, and Ultra Semiconductor Proshares (USD) is higher by about 1.8%.