DXJ, XSHQ: 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 WisdomTree Japan Hedged Equity Fund ( DXJ ), where 5,550,000 units were destroyed, or a 4.3% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares S&P SmallCap Quality Portfolio ( XSHQ ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of XSHQ, in morning trading today Trex Company ( TREX ) is up about 1.2%, and Applied Industrial Technologies ( AIT ) is up by about 0.5%.
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