SHY, FMF: Big ETF Outflows

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 1-3 Year Treasury Bond ETF (SHY), where 7,500,000 units were destroyed, or a 5.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust Morningstar Managed Futures Strategy Fund (FMF), which lost 50,000 of its units, representing a 19.8% decline in outstanding units compared to the week prior.