Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares Preferred Portfolio (NYSE:PGX), where 6,800,000 units were destroyed, or a 4.5% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Guggenheim S&P 500 Equal Weight Energy ETF (NYSE:RYE), which lost 500,000 of its units, representing a 15.6% decline in outstanding units compared to the week prior. Among the largest underlying components of RYE, in morning trading today New Field Exploration (NYSE:NFX) is down about 0.7%, and Anadarko Petroleum (NYSE:APC) is lower by about 0.5%.
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