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 Silver Trust (NYSE:SLV), where 5,500,000 units were destroyed, or a 1.5% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Environmental Services ETF (NYSE:EVX), which lost 50,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. Among the largest underlying components of EVX, in morning trading today Waste Management (NYSE:WM) is off about 1.6%, and Republic Services (NYSE:RSG) is lower by about 0.4%.
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