The Exodus Begins: High Yield Corporate Bond ETF
Examining the landscape of ETFs scrutinized by ETF Channel, the most considerable outflow occurred in the iShares iBoxx $ High Yield Corporate Bond ETF. During the past week, a substantial 6,100,000 units faced extinction, signaling a downturn of 2.8% compared to the preceding week.
An Existential Crisis: ARK Innovation ETF
Furthermore, in terms of percentage alteration, the ARKC ETF encountered a significant retreat. Shedding 40,000 units, the ETF experienced a staggering decline of 40.0% in outstanding units relative to the previous week.
VIDEO: HYG, ARKC: Big ETF Outflows
The opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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