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IWM, FXE: Big ETF Outflows
Tuesday, August 19, 12:18 PM ET

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 Russell 2000 ETF (AMEX:IWM), where 12,050,000 units were destroyed, or a 5.7% decrease week over week. Among the largest underlying components of IWM, in morning trading today Puma Biotechnology (NYSE:PBYI) is off about 6.1%, and Intermune (ITMN) is higher by about 0.8%.

And on a percentage change basis, the ETF with the biggest outflow was the Euro Trust (AMEX:FXE), which lost 750,000 of its units, representing a 34.1% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase.

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