HEFA, ERY: Big ETF Outflows
September 08, 2017 at 11:01 AM EDT
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 Currency Hedged MSCI EAFE ETF (HEFA), where 4,900,000 units were destroyed, or a 3.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Energy Bear 3X Shares (ERY), which lost 1,999,781 of its units, representing a 39.3% decline in outstanding units compared to the week prior.