Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the FNDA ETF (NYSE:FNDA), where 6,300,000 units were destroyed, or a 6.8% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco Russell 1000 Enhanced Equal Weight ETF (AMEX:USEQ), which lost 350,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of USEQ, in morning trading today Erie Indemnity (NASDAQ:ERIE) is up about 1.2%, and Credit Acceptance (NASDAQ:CACC) is higher by about 0.2%.
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