HYG, TLEH: 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 18,300,000 units were destroyed, or a 8.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the TLEH ETF, which lost 75,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior.