Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P Regional Banking ETF (NYSE:KRE), where 13,000,000 units were destroyed, or a 24.5% decrease week over week. Among the largest underlying components of KRE, in morning trading today SVB Financial Group (NASDAQ:SIVB) is up about 0.2%, and Peoples United Financial (NASDAQ:PBCT) is lower by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares Currency Hedged MSCI United Kingdom ETF (NYSE:HEWU), which lost 50,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of HEWU, in morning trading today iShares MSCI United Kingdom Index (NYSE:EWU) is down about 0.1%.
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