HYG, DUST: Big ETF Outflows
September 12, 2018 at 10:53 AM EDT
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 (HYG), where 12,800,000 units were destroyed, or a 6.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Gold Miners Index Bear 3X Shares (DUST), which lost 1,300,000 of its units, representing a 34.0% decline in outstanding units compared to the week prior.