Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ARK Innovation ETF, where 15,100,000 units were destroyed, or a 14.5% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Optimize Strategy Index ETF, which lost 2,980,000 of its units, representing a 35.2% decline in outstanding units compared to the week prior. Among the largest underlying components of OPTZ, in morning trading today Warner BROS. Discovery is up about 0.1%, and Applovin is up by about 0.6%.
VIDEO: ARKK, OPTZ: Big ETF Outflows
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