The iShares iBoxx $ High Yield Corporate Bond ETF (Symbol: HYG) has experienced a significant outflow of approximately $298.5 million this past week, marking a 2.0% decrease in shares outstanding, from 196,400,000 to 192,400,000.
Currently, HYG’s share price is $74.74, which is positioned between its 52-week low of $70.40 and high of $77.34. This shift in shares affects the fund’s underlying holdings, indicating a response to investor demand in the market.
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