Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI USA Min Vol Factor ETF, where 53,400,000 units were destroyed, or a 12.9% decrease week over week. Among the largest underlying components of USMV, in morning trading today Eli Lilly is off about 1.3%, and International Business Machines is higher by about 1.2%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Inflation Expectations ETF, which lost 420,000 of its units, representing a 31.3% decline in outstanding units compared to the week prior.
VIDEO: USMV, RINF: 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.
