EZU, SMLL: Big ETF Outflows
ETF Channel Staff - Tuesday, September 16, 12:42 PMLooking 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 EMU ETF (EZU), where 5.4 million units were destroyed, or a 2.4% decrease week over week. Among the largest underlying components of EZU, in morning trading today Arcelormittal (MT) is off about 0.6%, and Ryanair Holdings (RYAAY) is lower by about 0.7%.
And on a percentage change basis, the ETF with the biggest outflow was the Small Cap Bull 2x Shares ETF (SMLL), which lost 50,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.