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 MSCI Japan ETF (NYSE:EWJ), where 4,650,000 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 Invesco DWA Financial Momentum ETF (NASDAQ:PFI), which lost 800,000 of its units, representing a 39.0% decline in outstanding units compared to the week prior. Among the largest underlying components of PFI, in morning trading today Fifth Third Bancorp (NASDAQ:FITB) is up about 0.4%, and East West Bancorp (NASDAQ:EWBC) is lower by about 0.3%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.