The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) experienced a significant outflow, with 6 million units, or a 2.9% decrease, destroyed in the last week. This marks the largest decline among ETFs tracked by ETF Channel. In morning trading, Wesco Aircraft Holding, a key component of HYG, was noted as trading flat.
Additionally, the KMEM ETF faced the most substantial percentage loss, shedding 1,080,000 units, which equates to a 39.0% decline in outstanding units compared to the previous week.
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