PFF: Large Outflows Detected at ETF

Approximately $156.6 million outflow from iShares Preferred and Income Securities ETF (PFF), a 1.1% week-over-week decline in shares outstanding. This was the standout week-over-week change in the ETF Channel-covered universe and indicates mild net selling pressure in preferred-income exposure.

Analysis

Approximately $156.6 million outflow from iShares Preferred and Income Securities ETF (PFF), a 1.1% week-over-week decline in shares outstanding. This was the standout week-over-week change in the ETF Channel-covered universe and indicates mild net selling pressure in preferred-income exposure.