PAVE, ISHP: Big ETF Outflows
ETF Channel Staff - Friday, June 24, 10:47 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PAVE ETF, where 6,640,000 units were destroyed, or a 4.0% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust S-Network E-Commerce ETF, which lost 200,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior. Among the largest underlying components of ISHP, in morning trading today Pinduoduo is up about 1.1%, and Lufax Holding is higher by about 0.6%.