MDIV, KOLD: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Multi-Asset Diversified Income Index Fund (MDIV), where 7,850,000 units were destroyed, or a 19.7% decrease week over week. Among the largest underlying components of MDIV, in morning trading today Ishares Iboxx High Yield Corporate Bond (HYG) is up about 0.1%, and Pennymac Mortgage Trust (PMT) is up by about 0.5%.