Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the KWEB ETF, where 8,900,000 units were destroyed, or a 4.9% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Merger Arbitrage ETF, which lost 100,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior. Among the largest underlying components of MARB, in morning trading today Proshares Ultra Semiconductors is off about 1.4%, and Xilinx is lower by about 1.5%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
