Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the WisdomTree Japan Hedged Equity Fund (NYSE:DXJ), where 5,550,000 units were destroyed, or a 4.3% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares S&P SmallCap Quality Portfolio (AMEX:XSHQ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of XSHQ, in morning trading today Trex Company (NYSE:TREX) is up about 1.2%, and Applied Industrial Technologies (NYSE:AIT) is up by about 0.5%.
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