HYG, LEAD: Big ETF Outflows
December 24, 2020 at 11:19 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 12,000,000 units were destroyed, or a 4.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the LEAD ETF, which lost 300,000 of its units, representing a 27.3% decline in outstanding units compared to the week prior.