HYG, SVXY: 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 iShares iBoxx $ High Yield Corporate Bond ETF (HYG), where 20,900,000 units were destroyed, or a 9.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Short VIX Short-Term Futures ETF (SVXY), which lost 2,100,000 of its units, representing a 32.8% decline in outstanding units compared to the week prior.