IWM, FNY: Big ETF Outflows
July 16, 2014 at 11:58 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 Russell 2000 ETF (IWM), where 23,200,000 units were destroyed, or a 9.7% decrease week over week. Among the largest underlying components of IWM, in morning trading today Intermune (ITMN) is off about 2%, and Prosperity Bancshares (PB) is lower by about 1%.