Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the MSTZ ETF, where 9,200,000 units were destroyed, or a 19.2% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Vest High Yield & Target Income ETF, which lost 850,000 of its units, representing a 39.5% decline in outstanding units compared to the week prior. Among the largest underlying components of HYTI, in morning trading today Proshares Ultra Semiconductors is off about 3.8%.
VIDEO: MSTZ, HYTI: Big ETF Outflows
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