IGIB, SPYC: Big ETF Outflows
ETF Channel Staff - Friday, May 7, 10:46 AM
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 5-10 Year Investment Grade Corporate Bond ETF, where 2,650,000 units were destroyed, or a 1.4% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the SPYC ETF, which lost 1,000,000 of its units, representing a 27.0% decline in outstanding units compared to the week prior.