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 U.S. Basic Materials ETF (AMEX:IYM), where 2,200,000 units were destroyed, or a 17.0% decrease week over week. Among the largest underlying components of IYM, in morning trading today Dow Chemical (NYSE:DOW) is up about 0.3%, and DuPont (NYSE:DD) is lower by about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra FTSE Europe (AMEX:UPV), which lost 250,000 of its units, representing a 35.7% decline in outstanding units compared to the week prior.
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