Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the USO ETF (NYSE:USO), where 6,500,000 units were destroyed, or a 5.4% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco Russell 2000—Dynamic Multifactor ETF (AMEX:OMFS), which lost 250,000 of its units, representing a 35.7% decline in outstanding units compared to the week prior. Among the largest underlying components of OMFS, in morning trading today OFG Bancorp (NYSE:OFG) is down about 1.1%, and Goosehead Insurance (NASDAQ:GSHD) is lower by about 0.7%.
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