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The Adaptive Alpha Opportunities ETF is seeing unusually high volume in afternoon trading Thursday, with over 693,000 shares traded versus three month average volume of about 53,000. Shares of AGOX were off about 1.3% on the day.

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In trading on Thursday, the Global X MSCI Argentina ETF is outperforming other ETFs, up about 3.2% on the day. Components of that ETF showing particular strength include shares of Banco Macro, up about 8% and shares of Ssr Mining, up about 7.3% on the day.

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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 Direxion Daily TSLA Bull 2X Shares, where 12,600,000 units were destroyed, or a 3.5% decrease week over week. Among the largest underlying components of TSLL, in morning trading today Tesla is off about 0.3%.

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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the JPMorgan Ultra-Short Income ETF, which added 9,450,000 units, or a 1.3% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the SPDR SSGA My2031 Corporate Bond ETF, which added 100,000 units,...

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Symbols mentioned in this story: AVEM, BABA, IBN, AU Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand..

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