DXJ, RNSC: Big ETF Outflows
ETF Channel Staff - Friday, January 19, 10:49 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the WisdomTree Japan Hedged Equity Fund (DXJ), where 10,700,000 units were destroyed, or a 6.7% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Small Cap US Equity Select ETF (RNSC), which lost 50,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of RNSC, in morning trading today Abaxis (ABAX) is up about 0.8%, and Conmed Corporation (CNMD) is higher by about 0.2%.