PICK, UXI: Big ETF Outflows
September 21, 2016 at 10:49 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 MSCI Global Metals & Mining Producers ETF (PICK), where 1,900,000 units were destroyed, or a 9.2% decrease week over week. Among the largest underlying components of PICK, in morning trading today Nucor Corporation (NUE) is up about 1.8%, and Alcoa (AA) is up by about 0.6%.