ITOT, SMDD: Big ETF Outflows

{{ InlineImage1 }}

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 Core S&P Total U.S. Stock Market ETF ( ITOT ), where 2,700,000 units were destroyed, or a 1.3% decrease week over week. Among the largest underlying components of ITOT, in morning trading today Apple ( AAPL ) is down about 1%, and Microsoft Corporation ( MSFT ) is lower by about 0.9%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro Short MidCap400 ( SMDD ), which lost 50,000 of its units, representing a 18.6% decline in outstanding units compared to the week prior.

{{ InlineImage2 }}VIDEO: ITOT, SMDD: Big ETF Outflows

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.