Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Technology AlphaDEX Fund (NYSE:FXL), where 10,150,000 units were destroyed, or a 22.6% decrease week over week. Among the largest underlying components of FXL, in morning trading today Intelsat (I) is up about 5.3%, and Dell Technologies (DVMT) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares Currency Hedged MSCI Italy ETF (HEWI), which lost 50,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.
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