SLV, EVX: Big ETF Outflows
ETF Channel Staff - Wednesday, July 26, 10:46 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Silver Trust (SLV), where 5,500,000 units were destroyed, or a 1.5% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Environmental Services ETF (EVX), which lost 50,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. Among the largest underlying components of EVX, in morning trading today Waste Management (WM) is off about 1.6%, and Republic Services (RSG) is lower by about 0.4%.