Credit: Shutterstock photoLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares S&P 500 Low Volatility Portfolio ( SPLV ), where 17,100,000 units were destroyed, or a 11.4% decrease week over week. Among the largest underlying components of SPLV, in morning trading today Plum Creek Timber Company ( PCL ) is up about 1%, and XL Group ( XL ) is up by about 1.5%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P 500 Bull 2x Shares ( SPUU ), which lost 149,764 of its units, representing a 34.6% decline in outstanding units compared to the week prior.
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.
