OMFL, PXUS: Big ETF Outflows
updated Monday, April 18, 11:16 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco Russell 1000Dynamic Multifactor ETF, where 12,960,000 units were destroyed, or a 22.8% decrease week over week. Among the largest underlying components of OMFL, in morning trading today Mosaic is up about 1.6%, and Nucor is higher by about 1.2%.
And on a percentage change basis, the ETF with the biggest outflow was the PXUS ETF, which lost 600,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase