Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Financial Select Sector SPDR Fund (NYSE:XLF), where 8,200,000 units were destroyed, or a 0.7% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway (NYSE:BRK.B) is up about 0.2%, and JP Morgan Chase (NYSE:JPM) is up by about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Russia Bear 3X Shares (RUSS), which lost 550,000 of its units, representing a 32.5% decline in outstanding units compared to the week prior.
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