HYG, JDST: Big ETF Outflows
ETF Channel Staff - Wednesday, June 20, 10:48 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 10,300,000 units were destroyed, or a 5.7% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Junior Gold Miners Index Bear 3X Shares (JDST), which lost 350,000 of its units, representing a 18.1% decline in outstanding units compared to the week prior.