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 U.S. Preferred Stock ETF (NASDAQ:PFF), where 10,150,000 units were destroyed, or a 2.3% decrease week over week. Among the largest underlying components of PFF, in morning trading today Wells Fargo (NYSE:WFC) is off about 0.4%, and Citigroup is up by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco S&P SmallCap Quality ETF (AMEX:XSHQ), which lost 450,000 of its units, representing a 32.1% decline in outstanding units compared to the week prior. Among the largest underlying components of XSHQ, in morning trading today First Financial Bankshares (NASDAQ:FFIN) is off about 1.2%, and Firstcash (NASDAQ:FCFS) is relatively unchanged.
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