updated Wednesday, September 8, 11:15 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P Metals & Mining ETF, where 2,550,000 units were destroyed, or a 5.8% decrease week over week. Among the largest underlying components of XME, in morning trading today Alcoa is down about 0.8%, and Nucor is lower by about 1.6%.
And on a percentage change basis, the ETF with the biggest outflow was the QCON ETF, which lost 160,000 of its units, representing a 29.6% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase
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