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 Short-Term U.S. Treasury ETF, where 18,900,000 units were destroyed, or a 3.7% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Truth Social American Icons ETF, which lost 60,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior. Among the largest underlying components of TSIC, in morning trading today Home Depot is trading flat, and Netflix is lower by about 1.7%.
VIDEO: SCHO, TSIC: Big ETF Outflows