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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares iBoxx $ High Yield Corporate Bond ETF, where 11,000,000 units were destroyed, or a 5.2% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares RAFI Long/Short, which lost 400,000 of its units, representing a 39.0% decline in outstanding units compared to the week prior. Among the largest underlying components of RALS, in morning trading today Exxon Mobil is up about 0.4%, and Apple is relatively unchanged.
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.
