EWZ, NBIZ: Big ETF Outflows

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 MSCI Brazil ETF, where 13,500,000 units were destroyed, or a 5.6% decrease week over week. Among the largest underlying components of EWZ, in morning trading today NU Holdings is up about 2.5%, and XP is up by about 3.5%.

And on a percentage change basis, the ETF with the biggest outflow was the Tradr 2X Short NBIS Daily ETF, which lost 4,460,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.

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