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 MSCI Emerging Markets ETF (EEM), where 4,500,000 units were destroyed, or a 0.7% decrease week over week. Among the largest underlying components of EEM, in morning trading today Alibaba Group Holding (BABA) is off about 0.9%, and Baidu (BIDU) is lower by about 1.2%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Consumer Services (UCC), which lost 75,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of UCC, in morning trading today Amazon.com (AMZN) is off about 1.1%, and Home Depot (HD) is lower by about 0.7%.
