State Street Corp. (STT)’s $11.4 billion exchange-traded fund (JNK) recorded the biggest redemption of shares yesterday in more than four years, according to data compiled by Bloomberg.

The SPDR Barclays Capital High Yield Bond ETF (JNK) saw redemptions of (JNKSO)19.7 million shares, equivalent to about $779.3 million of market value, Bloomberg data show. That’s the largest decline in shares outstanding for the fund since Dec. 3, 2007.

To contact the reporter on this story: Lisa Abramowicz in New York at labramowicz@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net