HYG, GDVD: Big ETF Outflows
August 20, 2020 at 11:14 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 14,400,000 units were destroyed, or a 3.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the GDVD ETF, which lost 5,000,000 of its units, representing a 29.2% decline in outstanding units compared to the week prior.