Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Proshares Short S&P500 (NYSE:SH), where 5,025,000 units were destroyed, or a 7.2% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Retail ETF (NYSE:XRT), which lost 1,800,000 of its units, representing a 17.6% decline in outstanding units compared to the week prior. Among the largest underlying components of XRT, in morning trading today Zale (ZLC) is down about 0.5%, and Expedia (NASDAQ:EXPE) is higher by about 0.5%.
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