HYG, UCC: Big ETF Outflows
August 21, 2017 at 10:52 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 7,000,000 units were destroyed, or a 3.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Consumer Services (UCC), which lost 75,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior.