HYG, SRTY: Big ETF Outflows
July 18, 2014 at 12:07 PM 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 8,000,000 units were destroyed, or a 5.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraPro Short Russell2000 (SRTY), which lost 550,000 of its units, representing a 20.7% decline in outstanding units compared to the week prior.