HYG, FTSD: Big ETF Outflows
March 30, 2021 at 10:51 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 19,500,000 units were destroyed, or a 7.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the FTSD ETF, which lost 1,300,000 of its units, representing a 22.1% decline in outstanding units compared to the week prior.