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IVV, RDTY: 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 Core S&P 500 ETF, where 22,400,000 units were destroyed, or a 2.1% decrease week over week. Among the largest underlying components of IVV, in morning trading today Nvidia is up about 2.9%, and Apple is up by about 2%.

And on a percentage change basis, the ETF with the biggest outflow was the YieldMax Russell 2000 0DTE Covered Call Strategy ETF, which lost 300,000 of its units, representing a 38.7% decline in outstanding units compared to the week prior.

VIDEO: IVV, RDTY: Big ETF Outflows

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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