HYG, KOLD: Big ETF Outflows
February 13, 2024 at 11:01 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 11,400,000 units were destroyed, or a 4.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Bloomberg Natural Gas (KOLD), which lost 300,000 of its units, representing a 36.7% decline in outstanding units compared to the week prior.