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. Preferred Stock ETF (NASDAQ:PFF), where 2,100,000 units were destroyed, or a 0.4% decrease week over week. Among the largest underlying components of PFF, in morning trading today Wells Fargo & Company (NYSE:WFC) is off about 0.5%, and Allergan (NYSE:AGN) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro Short MidCap400 (NYSE:SMDD), which lost 50,000 of its units, representing a 18.6% decline in outstanding units compared to the week prior.
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