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.
Top Outflow: iShares Broad USD High Yield Corporate Bond ETF
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.
Percentage Drop: Direxion Daily S&P Biotech Bear 3x Shares
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
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
