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 Enhanced Small Cap ETF, where 9,200,000 units were destroyed, or a 13.1% decrease week over week. Among the largest underlying components of FESM, in morning trading today Sprouts Farmers Market is up about 1.6%, and Option Care Health is up by about 0.5%.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily TSM Bear 1X Shares, which lost 75,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior.
VIDEO: FESM, TSMZ: Big ETF Outflows
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