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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Morningstar Dividend Leaders Index Fund (FDL), where 22,150,000 units were destroyed, or a 27.5% decrease week over week. Among the largest underlying components of FDL, in morning trading today AT&T (T) is off about 0.2%, and Verizon Communications (VZ) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra 7-10 Year Treasury (UST), which lost 300,000 of its units, representing a 27.3% decline in outstanding units compared to the week prior.
