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 (NYSE:IWM), where 14,000,000 units were destroyed, or a 6.1% decrease week over week. Among the largest underlying components of IWM, in morning trading today Steris (NYSE:STE) is up about 0.3%, and Piedmont Natural Gas Company (PNY) is relatively unchanged.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro Short Financial Select Sector (NYSE:FINZ), which lost 50,493 of its units, representing a 36.7% decline in outstanding units compared to the week prior.
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