SJNK, RWGV: Big ETF Outflows
December 01, 2020 at 10:56 AM EST
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Bloomberg Barclays Short Term High Yield Bond ETF, where 6,600,000 units were destroyed, or a 4.8% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Direxion Russell 1000 Growth Over Value ETF, which lost 75,000 of its units, representing a 21.4% decline in outstanding units compared to the week prior.