Significant Decrease in ETF Units
Upon scrutinizing the units outstanding versus a week prior within the expansive realm of ETFs covered at ETF Channel, a substantial outflow was observed in the iShares S&P 500 Growth ETF. A sizable 10,400,000 units were obliterated, reflecting a 1.8% decline week over week. Notable underlying components of IVW also experienced shifts, with Apple witnessing a 2.6% dip and Microsoft showing a modest 0.2% uptick during morning trading today.
Percentage Decline in ETF Units
On a percentage change basis, the ProShares UltraShort MSCI Brazil Capped ETF recorded the most considerable outflow. This particular ETF shed 400,000 units, marking a substantial 36.9% reduction in outstanding units compared to the preceding week.
