HYG, EMTY: Big ETF Outflows
January 12, 2021 at 10:51 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 iShares iBoxx $ High Yield Corporate Bond ETF, where 13,700,000 units were destroyed, or a 4.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares ProShares Decline of the Retail Store ETF, which lost 225,000 of its units, representing a 28.1% decline in outstanding units compared to the week prior.