CVY, EWN: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Guggenheim Multi-Asset Income ETF (CVY), where 14,550,200 units were destroyed, or a 22.9% decrease week over week. Among the largest underlying components of CVY, in morning trading today Nustar Energy LP (NS) is down about 0.3%, and Penn West Petroleum (PWE) is higher by about 1.3%.