UWM, EWSS: Big ETF Outflows
ETF Channel Staff - Monday, July 21, 12:23 PMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Proshares Ultra Russell2000 (UWM), where 3,825,000 units were destroyed, or a 25.4% decrease week over week. Among the largest underlying components of UWM, in morning trading today 1-800-Flowers.com (FLWS) is off about 0.4%, and 1st United Bancorp (FUBC) is lower by about 0.9%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Singapore Small-Cap ETF (EWSS), which lost 100,000 of its units, representing a 16.7% decline in outstanding units compared to the week prior.