SHYG, KESG: Big ETF Outflows
January 30, 2023 at 11:01 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 iShares 0-5 Year High Yield Corporate Bond ETF, where 6,000,000 units were destroyed, or a 3.8% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the KESG ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.