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IWM, SCO: 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 (IWM), where 15,750,000 units were destroyed, or a 5.3% decrease week over week. Among the largest underlying components of IWM, in morning trading today Novocure (NVCR) is off about 2.9%, and Haemonetics Corporation (HAE) is lower by about 2.2%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Bloomberg Crude Oil (SCO), which lost 1,550,000 of its units, representing a 25.9% decline in outstanding units compared to the week prior.

VIDEO: IWM, SCO: Big ETF Outflows

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