Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares Variable Rate Preferred Portfolio ( VRP ), where 11,900,000 units were destroyed, or a 13.6% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares DWA Healthcare Momentum Portfolio ( PTH ), which lost 400,000 of its units, representing a 17.4% decline in outstanding units compared to the week prior. Among the largest underlying components of PTH, in morning trading today Exact Sciences Corporation ( EXAS ) is down about 3.7%, and Align Technology ( ALGN ) is lower by about 0.7%.
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.
