Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Schwab US Broad Market ETF, where 5,550,000 units were destroyed, or a 0.4% decrease week over week. Among the largest underlying components of SCHB, in morning trading today Nvidia is down about 2.9%, and Apple is lower by about 0.9%.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily MSFT Bear 1X Shares, which lost 325,000 of its units, representing a 37.1% decline in outstanding units compared to the week prior.
VIDEO: SCHB, MSFD: Big ETF Outflows
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