HYG, UJB: 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 iShares iBoxx $ High Yield Corporate Bond ETF, where 11,400,000 units were destroyed, or a 5.5% decrease week over week. Among the largest underlying components of HYG, in morning trading today Wesco Aircraft Holding is trading flat.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra High Yield, which lost 80,000 of its units, representing a 36.4% decline in outstanding units compared to the week prior. Among the largest underlying components of UJB, in morning trading today Proshares Genius Money Market ETF is trading flat.

VIDEO: HYG, UJB: Big ETF Outflows