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 MSCI USA Quality Factor ETF, where 6,000,000 units were destroyed, or a 3.4% decrease week over week. Among the largest underlying components of QUAL, in morning trading today Apple is up about 0.3%, and Microsoft is up by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Dow Jones Internet Bear 3X Shares, which lost 50,000 of its units, representing a 29.4% decline in outstanding units compared to the week prior.
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