TLT, FKO: 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 iShares 20+ Year Treasury Bond ETF (TLT), where 8,400,000 units were destroyed, or a 22.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust South Korea AlphaDEX Fund (FKO), which lost 50,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.