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IWM, TYD: Big ETF Outflows

By Market News Video Staff, Wednesday, April 20, 10:48 AM ET
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Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the iShares Russell 2000 Index Fund (AMEX:IWM), which shed 7,450,000 shares, or a 3.7% decrease week over week. Among the largest underlying components of IWM, in morning trading today Tibco Software Incorporated (TIBX) is up about 2.5%, and Verifone Systems Incorporated (NYSE:PAY) is up by about 1.2%.

And on a percentage change basis, the ETF with the largest outflow was the Daily 7-10 Year Treasury Bull 3x Shares (AMEX:TYD), which lost 50,000 of its shares, for a whopping 25.0% decline in outstanding shares.

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