Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the FJAN ETF, where 12,100,000 units were destroyed, or a 39.6% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the AXS Knowledge Leaders ETF, which lost 1,100,000 of its units, representing a 39.6% decline in outstanding units compared to the week prior. Among the largest underlying components of KNO, in morning trading today Thermo Fisher Scientific is trading flat, and Hubbell is lower by about 0.5%.
VIDEO: FJAN, KNO: Big ETF Outflows
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