Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Fidelity High Dividend ETF, where 19,900,000 units were destroyed, or a 17.3% decrease week over week. Among the largest underlying components of FDVV, in morning trading today Apple is down about 1.8%, and Nvidia is lower by about 0.5%.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily AAPL Bull 2X Shares, which lost 900,000 of its units, representing a 29.8% decline in outstanding units compared to the week prior. Among the largest underlying components of AAPU, in morning trading today Apple is off about 1.8%.
VIDEO: FDVV, AAPU: Big ETF Outflows
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