IYM, UPV: 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 U.S. Basic Materials ETF (IYM), where 2,200,000 units were destroyed, or a 17.0% decrease week over week.  Among the largest underlying components of IYM, in morning trading today Dow Chemical (DOW) is up about 0.3%, and DuPont (DD) is lower by about 0.3%.