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 iBoxx $ Investment Grade Corporate Bond ETF, where 4,700,000 units were destroyed, or a 1.7% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Capital Markets ETF, which lost 450,000 of its units, representing a 30.0% decline in outstanding units compared to the week prior. Among the largest underlying components of KCE, in morning trading today Virtu Financial is off about 2.3%, and Marketaxess Holdings is higher by about 2%.
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