HYG, UCC: Big ETF Outflows
ETF Channel Staff - Monday, August 21, 10:52 AMLooking 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 (HYG), where 7,000,000 units were destroyed, or a 3.3% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Consumer Services (UCC), which lost 75,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. Among the largest underlying components of UCC, in morning trading today Amazon.com (AMZN) is off about 1.2%, and Comcast Corporation Class A (CMCSA) is higher by about 0.1%.