GOVT, RKH: Big ETF Outflows
ETF Channel Staff - Friday, January 18, 3:05 PMTurning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the iShares Barclays U.S. Treasury Bond Fund (GOVT), which shed 1,200,000 shares, or a 20.7% decrease week over week.
And on a percentage change basis, the ETF with the largest outflow was the Bank and Brokerage ETF (RKH), which lost 150,000 of its shares, for a whopping 28.2% decline in outstanding shares. Among the largest underlying components of RKH, in morning trading today Hsbc Holdings Plc (HBC) is off about 0.3%, and Wells Fargo & Company (WFC) is lower by about 0.7%.
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