Major ETF Outflows: Corporate Bond Fund Takes a Hit
In recent ETF activity, significant declines in units outstanding highlight shifting investor sentiment. This week, one particular fund experienced the largest reduction in its units.
The iShares Broad USD High Yield Corporate Bond ETF faced a noteworthy outflow, with 15,500,000 units removed. This amounted to a 2.9% decrease compared to the previous week’s figures.
On a percentage basis, the Direxion Daily S&P Biotech Bear 3x Shares saw the steepest decline. The ETF lost 3,750,000 units, reflecting a dramatic 37.8% decrease in outstanding units in just one week.
VIDEO: USHY, LABD: Big ETF Outflows
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