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 MSCI Intl Quality Factor ETF, where 26,700,000 units were destroyed, or a 8.9% decrease week over week. Among the largest underlying components of IQLT, in morning trading today Check Point Software Technologies is off about 1.6%, and Futu Holdings is lower by about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the Defiance Daily Target 2X Short HOOD ETF, which lost 80,000 of its units, representing a 38.1% decline in outstanding units compared to the week prior.
VIDEO: IQLT, HOOZ: Big ETF Outflows
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