LQD, SBIT: 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 $ Investment Grade Corporate Bond ETF, where 6,100,000 units were destroyed, or a 2.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares 404, which lost 150,000 of its units, representing a 31.9% decline in outstanding units compared to the week prior.