BKLN, SCO: Big ETF Outflows
June 04, 2019 at 11:08 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 Invesco Senior Loan ETF (BKLN), where 14,200,000 units were destroyed, or a 6.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Bloomberg Crude Oil (SCO), which lost 1,350,000 of its units, representing a 26.8% decline in outstanding units compared to the week prior.