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 9,000,000 units were destroyed, or a 2.9% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco DB US Dollar Index Bearish Fund (NYSE:UDN), which lost 600,000 of its units, representing a 27.3% decline in outstanding units compared to the week prior. Among the largest underlying components of UDN, in morning trading today Meta Financial Group (NASDAQ:CASH) is down about 0.6%.
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