HYD, HEWU: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the High-Yield Municipal Index ETF (HYD), where 13,500,000 units were destroyed, or a 19.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the iShares Currency Hedged MSCI United Kingdom ETF (HEWU), which lost 1,650,000 of its units, representing a 37.1% decline in outstanding units compared to the week prior.