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 10,500,000 units were destroyed, or a 5.4% decrease week over week. Among the largest underlying components of HYG, in morning trading today Wesco Aircraft Holding is trading flat.
And on a percentage change basis, the ETF with the biggest outflow was the SNDQ ETF, which lost 6,740,000 of its units, representing a 39.9% decline in outstanding units compared to the week prior.
VIDEO: HYG, SNDQ: Big ETF Outflows
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