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HYG, AVS: Big ETF Outflows
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares iBoxx $ High Yield Corporate Bond ETF, where 5,500,000 units were destroyed, or a 2.5% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily AVGO Bear 1X Shares, which lost 250,000 of its units, representing a 34.5% decline in outstanding units compared to the week prior.
VIDEO: HYG, AVS: Big ETF Outflows
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