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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 S&P GSCI Commodity-Indexed Trust (GSG), where 4,600,000 units were destroyed, or a 7.2% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Value Line 100 Exchange-Traded Fund (FVL), which lost 1,100,000 of its units, representing a 30.2% decline in outstanding units compared to the week prior. Among the largest underlying components of FVL, in morning trading today Fair Isaac (FICO) is down about 0.5%, and Royal Gold (RGLD) is up by about 0.1%.
