HYG, RUSS: Big ETF Outflows

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 4.6 million shares, or a 2.7% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Daily Russia Bear 3x Shares (RUSS), which lost 3.1 million of its shares, for a whopping 58.5% decline in outstanding shares.