HYG, USOU: Big ETF Outflows
July 23, 2019 at 10:48 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 (HYG), where 4,900,000 units were destroyed, or a 2.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the USOU ETF (USOU), which lost 200,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.