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 15,150,000 units were destroyed, or a 4.8% decrease week over week. Among the largest underlying components of IWM, in morning trading today Sprouts Farmers Market is up about 2.7%, and Insmed is up by about 0.8%.
And on a percentage change basis, the ETF with the biggest outflow was the TappAlpha SPY Growth and Daily Income ETF, which lost 560,000 of its units, representing a 34.6% decline in outstanding units compared to the week prior. Among the largest underlying components of TSPY, in morning trading today SPDR SP 500 is up about 3.2%.
VIDEO: IWM, TSPY: Big ETF Outflows
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