HYG, PSTP: Big ETF Outflows
September 09, 2022 at 10:48 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 12,300,000 units were destroyed, or a 7.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the PSTP ETF, which lost 775,000 of its units, representing a 39.7% decline in outstanding units compared to the week prior.