IEV, TWM: Big ETF Outflows
Metals Channel - Friday, October 17, 1:33 PM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Europe ETF (IEV), where 4,100,000 units were destroyed, or a 6.0% decrease week over week. Among the largest underlying components of IEV, in morning trading today Arcelormittal (MT) is up about 2.5%, and Intercontinental Hotels Group (IHG) is up by about 2.7%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraShort Russell2000 (TWM), which lost 1,300,000 of its units, representing a 21.1% decline in outstanding units compared to the week prior.