LQD, GLL: Big ETF Outflows
September 02, 2021 at 10:47 AM EDT
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 $ Investment Grade Corporate Bond ETF, where 4,800,000 units were destroyed, or a 1.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares ProShares UltraShort Gold, which lost 250,000 of its units, representing a 27.9% decline in outstanding units compared to the week prior.