IWM, VIXM: Big ETF Outflows

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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 Russell 2000 ETF ( IWM ), where 14,750,000 units were destroyed, or a 5.3% decrease week over week. Among the largest underlying components of IWM, in morning trading today Nektar Therapeutics ( NKTR ) is up about 2.2%, and Bluebird Bio ( BLUE ) is lower by about 0.4%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares ProShares VIX Mid-Term Futures ETF ( VIXM ), which lost 575,000 of its units, representing a 38.0% decline in outstanding units compared to the week prior.

IWM, VIXM: Big ETF Outflows VIDEO: IWM, VIXM: Big ETF Outflows

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing
Referenced Symbols: IWM , NKTR , BLUE , VIXM

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