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PHB, MVV: Big ETF Outflows

Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the Fundamental High Yield Corporate Bond Portfolio (PHB), which shed 7,300,000 shares, or a 12.9% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra MidCap400 (MVV), which lost 5,850,000 of its shares, for a whopping 67.8% decline in outstanding shares.
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