Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Dow Jones Industrial Average ETF ( DIA ), where 30,384,133 units were destroyed, or a 31.2% decrease week over week. Among the largest underlying components of DIA, in morning trading today 3M Company ( MMM ) is up about 0.2%, and International Business Machines ( IBM ) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Bloomberg Crude Oil ( SCO ), which lost 500,000 of its units, representing a 26.7% decline in outstanding units compared to the week prior.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
