LQD, GASX: 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 (LQD), where 8,500,000 units were destroyed, or a 3.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Natural Gas Related Bear 3X Shares (GASX), which lost 50,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior.