IEF, TAWK: 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 14,900,000 units were destroyed, or a 8.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the TAWK ETF (TAWK), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.