IWM, JXI: Big ETF Outflows
updated Monday, June 22, 10:58 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 iShares Russell 2000 ETF, where 14,300,000 units were destroyed, or a 5.4% decrease week over week. Among the largest underlying components of IWM, in morning trading today Teladoc Health is up about 0.9%, and Quidel is lower by about 1.1%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares Global Utilities ETF, which lost 1,500,000 of its units, representing a 35.3% decline in outstanding units compared to the week prior. Among the largest underlying components of JXI, in morning trading today Nextera Energy is up about 2%, and Dominion Energy is up by about 2.2%.
For MarketNewsVideo.com, I'm Sayoko Murase