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 MSCI Global Climate 500 ETF, where 19,500,000 units were destroyed, or a 30.0% decrease week over week. Among the largest underlying components of KLMT, in morning trading today Apple is down about 1.1%, and Microsoft is lower by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Bitcoin ETF, which lost 1,960,000 of its units, representing a 30.3% decline in outstanding units compared to the week prior.
VIDEO: KLMT, SBIT: Big ETF Outflows5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.