HYG, SZK: Big ETF Outflows
ETF Channel Staff - Friday, November 16, 10:51 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 17,900,000 units were destroyed, or a 9.9% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Consumer Goods, which lost 50,000 of its units, representing a 30.8% decline in outstanding units compared to the week prior.