HYG, RALS: Big ETF Outflows
ETF Channel Staff - Friday, June 23, 10:49 AM
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 iBoxx $ High Yield Corporate Bond ETF, where 11,000,000 units were destroyed, or a 5.2% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares RAFI Long/Short, which lost 400,000 of its units, representing a 39.0% decline in outstanding units compared to the week prior. Among the largest underlying components of RALS, in morning trading today Exxon Mobil is up about 0.4%, and Apple is relatively unchanged.