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 500 ETF, where 12,600,000 units were destroyed, or a 1.4% decrease week over week. Among the largest underlying components of IVV, in morning trading today Microsoft is up about 0.1%, and Apple is higher by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the Inspire Global Hope ETF, which lost 1,700,000 of its units, representing a 35.8% decline in outstanding units compared to the week prior.
VIDEO: IVV, BLES: 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.
