HYG, MIDU: Big ETF Outflows
November 08, 2016 at 10:52 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 (HYG), where 6,200,000 units were destroyed, or a 3.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Mid Cap Bull 3x Shares (MIDU), which lost 550,000 of its units, representing a 22.9% decline in outstanding units compared to the week prior.