HYG, SPXT: Big ETF Outflows
September 20, 2018 at 10:51 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, where 6,800,000 units were destroyed, or a 3.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares ProShares S&P 500 Ex-Technology ETF, which lost 25,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.