SCHX, AV: 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 Schwab US Large-Cap ETF, where 11,400,000 units were destroyed, or a 0.5% decrease week over week. Among the largest underlying components of SCHX, in morning trading today Nvidia is up about 0.8%, and Apple is lower by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the AV ETF, which lost 20,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.

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