Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Bloomberg Barclays High Yield Bond ETF (NYSE:JNK), where 21,500,000 units were destroyed, or a 7.5% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Nasdaq Pharmaceuticals ETF (NASDAQ:FTXH), which lost 100,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior. Among the largest underlying components of FTXH, in morning trading today Intelsat (I) is up about 1%, and Pfizer (NYSE:PFE) is relatively unchanged.
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