HYG, JDST: Big ETF Outflows
January 20, 2016 at 10:57 AM EST
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 16,000,000 units were destroyed, or a 8.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Junior Gold Miners Index Bear 3x Shares (JDST), which lost 500,000 of its units, representing a 34.5% decline in outstanding units compared to the week prior.