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SMH, PZI: Big ETF Outflows

Shutterstock photo
Shutterstock photo

Shutterstock photo

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Semiconductor ETF ( SMH ), where 6,650,063 units were destroyed, or a 38.8% decrease week over week. Among the largest underlying components of SMH, in morning trading today Taiwan Semiconductor Manufacturing ( TSM ) is up about 0.3%, and Intel Corporation ( INTC ) is relatively unchanged.

And on a percentage change basis, the ETF with the biggest outflow was the PowerShares Zacks Micro Cap Portfolio ( PZI ), which lost 400,000 of its units, representing a 25.8% decline in outstanding units compared to the week prior. Among the largest underlying components of PZI, in morning trading today Ocwen Financial Corporation ( OCN ) is up about 0.1%, and Trico Bancshares (TCBK) is higher by about 0.4%.

VIDEO: SMH, PZI: Big ETF Outflows

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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