SHYG, UGE: 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 0-5 Year High Yield Corporate Bond ETF (SHYG), where 7,500,000 units were destroyed, or a 9.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Consumer Goods (UGE), which lost 75,000 of its units, representing a 23.1% decline in outstanding units compared to the week prior.
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