IEF, LVL: 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 7-10 Year Treasury Bond ETF (IEF), where 34,100,000 units were destroyed, or a 36.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Guggenheim S&P Global Dividend Opportunities Index ETF (LVL), which lost 1,760,000 of its units, representing a 19.1% decline in outstanding units compared to the week prior.