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 Emerging Markets ETF, where 16,650,000 units were destroyed, or a 2.7% decrease week over week. Among the largest underlying components of EEM, in morning trading today Pinduoduo is up about 0.7%, and NIO is up by about 1.6%.
And on a percentage change basis, the ETF with the biggest outflow was the QLVE ETF, which lost 200,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.