HYG, PILL: Big ETF Outflows
November 05, 2021 at 10:52 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 12,700,000 units were destroyed, or a 5.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Pharmaceutical & Medical Bull 3X Shares, which lost 600,000 of its units, representing a 34.3% decline in outstanding units compared to the week prior.