Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco Senior Loan ETF, where 21,300,000 units were destroyed, or a 7.0% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Indxx Medical Devices ETF, which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of MDEV, in morning trading today Mettler-toledo International is down about 0.3%, and Abbott Laboratories is up by about 0.5%.
VIDEO: BKLN, MDEV: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
www.nasdaq.com