Check for traded volume. Also, check for duration of bonds it holds and if that suits your investment needs. I guess it holds medium tenure like 5-10 years duration.
Challenge with ETF is volumes and in extreme volatile situations there may not be retail buyer on other side of trade. Remember buying close ended Morgan Stanley Growth Fund (it was listed) at 30% discount during 2008 crash. With normal mutual funds you are assured to get redemption at NAV.
I am emphasizing this point because whole purpose of buying bonds is safety and lack of trade can jeopardize that safety. So I am not a big fan of bonds ETF unless market/liquidity becomes large enough so that I am always assured NAV.
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