EEM, TZA: Big ETF Outflows Wednesday, October 4, 11:09 AM 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 MSCI Emerging Markets ETF, where 22,500,000 units were destroyed, or a 4.4% decrease week over week. Among the largest underlying components of EEM, in morning trading today Pdd Holdings is down about 0.7%, and Yum China Holdings is lower by about 2.5%.
And on a percentage change basis, the ETF with the biggest outflow was the DIREXION SMALL CAP BEAR 3X SHARES, which lost 6,500,000 of its units, representing a 34.8% decline in outstanding units compared to the week prior.
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