IWM, RNDV: Big ETF Outflows Wednesday, January 29, 10:49 AM ET
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Russell 2000 ETF, where 7,250,000 units were destroyed, or a 2.6% decrease week over week. Among the largest underlying components of IWM, in morning trading today Novocure is up about 0.1%, and Teladoc Health is higher by about 1.2%.
And on a percentage change basis, the ETF with the biggest outflow was the US Equity Dividend Select ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of RNDV, in morning trading today Intelsat is down about 21.9%, and Abbvie is lower by about 0.3%.
For MarketNewsVideo.com, I'm Sayoko Murase
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