ETF Channel Staff - Tuesday, August 2, 11:45 AM
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 Core High Dividend ETF, where 3,950,000 units were destroyed, or a 3.2% decrease week over week. Among the largest underlying components of HDV, in morning trading today Exxon Mobil is off about 0.1%, and Johnson & Johnson is higher by about 0.7%.
And on a percentage change basis, the ETF with the biggest outflow was the DIREXION DAILY STANDARD AND POORS BIOTECH BEAR 3X SHARES, which lost 3,100,000 of its units, representing a 37.3% decline in outstanding units compared to the week prior.
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