Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI EMU ETF (AMEX:EZU), where 6,700,000 units were destroyed, or a 2.9% decrease week over week. Among the largest underlying components of EZU, in morning trading today ArcelorMittal (NYSE:MT) is down about 0.4%, and Ryanair Holdings (NASDAQ:RYAAY) is lower by about 1%.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Oil & Gas Exploration & Production ETF (AMEX:XOP), which lost 4,200,000 of its units, representing a 24.1% decline in outstanding units compared to the week prior. Among the largest underlying components of XOP, in morning trading today Green Plains (NASDAQ:GPRE) is up about 0.4%, and Emerald Oil (AMEX:EOX) is lower by about 0.1%.
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