Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco S&P 500 Low Volatility ETF, where 12,100,000 units were destroyed, or a 8.6% decrease week over week. Among the largest underlying components of SPLV, in morning trading today Pepsico is up about 1.3%, and Verizon Communications is higher by about 1%.
And on a percentage change basis, the ETF with the biggest outflow was the TDSE ETF, which lost 3,075,000 of its units, representing a 33.2% 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.
