HYLB, OVM: Big ETF Outflows
March 25, 2021 at 10:51 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 HYLB ETF, where 15,450,000 units were destroyed, or a 10.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the OVM ETF, which lost 400,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior.