Exploring ETF Trends
Looking at units outstanding versus one week prior within the universe of Exchange-Traded Funds (ETFs) covered at ETF Channel, a significant outflow emerged recently. The iShares Russell Mid-Cap ETF witnessed a substantial decline, with 40,850,000 units being eliminated, marking an 8.9% decrease week over week. Amidst this activity, Arthur J. Gallagher experienced a modest 0.1% uptick in morning trading, while Hilton Worldwide Holdings held relatively steady.
Shifting Fund Dynamics
On a percentage change basis, the United States Fund Finder & ETF Screener stood out with the most significant outflow. Shedding 40,000 units, the ETF experienced a notable 33.3% decline in outstanding units compared to the previous week. Notably, within the underlying components of NZUS, Microsoft faced a 0.5% downturn in morning trading, contrasting with Apple’s 0.5% rise.