PICK, UXI: 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 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%.
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