Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Daily Semiconductor Bear 3X Shares, where 2,500,000 units were destroyed, or a 6.1% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Asia Pacific ex-Japan AlphaDEX Fund, which lost 300,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior. Among the largest underlying components of FPA, in morning trading today Proshares Ultra Semiconductors is down about 3.6%.
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