Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the S&P 500 Low Volatility Portfolio (SPLV), where 1.5 million units were destroyed, or a 1.4% decrease week over week. Among the largest underlying components of SPLV, in morning trading today Southern Company (SO) is down about 0.7%, and NiSource (NI) is lower by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraShort Semiconductors ETF (SSG), which lost 75,000 of its units, representing a 22.8% decline in outstanding units compared to the week prior.
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