Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares DB US Dollar Index Bullish Fund (NYSE:UUP), where 1,600,000 units were destroyed, or a 5.0% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Social Media Index ETF (NASDAQ:SOCL), which lost 650,000 of its units, representing a 15.9% decline in outstanding units compared to the week prior. Among the largest underlying components of SOCL, in morning trading today Alphabet (NASDAQ:GOOGL) is down about 0.3%, and Angies List (NASDAQ:ANGI) is lower by about 1%.
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