JNK, GDJJ: Big ETF Outflows
ETF Channel Staff - Tuesday, May 5, 10:49 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Barclays High Yield Bond ETF (JNK), where 13,500,000 units were destroyed, or a 4.5% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Junior Miners (GDJJ), which lost 50,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. Among the largest underlying components of GDJJ, in morning trading today Market Vectors Junior Gold Miner (GDXJ) is up about 0.3%.