HYG, FYT: Big ETF Outflows
February 06, 2013 at 12:35 PM EST
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the iShares iBoxx $ High Yield Corporate Bond Fund (HYG), which shed 6,100,000 shares, or a 3.5% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the First Trust Small Cap Value AlphaDEX Fund (FYT), which lost 700,000 of its shares, for a whopping 58.3% decline in outstanding shares.