JNK, OILD: Big ETF Outflows
November 21, 2018 at 10:48 AM EST
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Bloomberg Barclays High Yield Bond ETF (JNK), where 35,000,000 units were destroyed, or a 14.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro 3x Short Crude Oil ETF (OILD), which lost 350,000 of its units, representing a 34.1% decline in outstanding units compared to the week prior.