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 ESG Aware MSCI USA ETF, where 4,650,000 units were destroyed, or a 4.3% decrease week over week. Among the largest underlying components of ESGU, in morning trading today Apple is up about 0.3%, and Nvidia is lower by about 1.9%.
And on a percentage change basis, the ETF with the biggest outflow was the KraneShares Hedgeye Hedged Equity Index ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of KSPY, in morning trading today Spdr S&P 500 is up about 0.3%.
VIDEO: ESGU, KSPY: Big ETF Outflows