IWM, OVF: Big ETF Outflows

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 Russell 2000 ETF, where 8,250,000 units were destroyed, or a 3.1% decrease week over week. Among the largest underlying components of IWM, in morning trading today Novavax is up about 6.3%, and Deckers Outdoor is higher by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the OVF ETF, which lost 300,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior.

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

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