Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Barclays 1-3 Month T-Bill ETF (AMEX:BIL), where 1,800,000 units were destroyed, or a 8.2% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraPro Dow30 (AMEX:UDOW), which lost 200,000 of its units, representing a 15.4% decline in outstanding units compared to the week prior. Among the largest underlying components of UDOW, in morning trading today 3M Company (NYSE:MMM) is trading flat, and American Express (NYSE:AXP) is lower by about 0.9%.
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