DBB, SPXT: Big ETF Outflows
ETF Channel Staff - Wednesday, August 31, 10:53 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares DB Base Metals Fund, where 2,200,000 units were destroyed, or a 13.3% decrease week over week. Among the largest underlying components of DBB, in morning trading today Meta Financial Group is off about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares S&P 500 Ex-Technology ETF, which lost 25,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of SPXT, in morning trading today Exxon Mobil is off about 0.6%, and Johnson & Johnson is lower by about 0.1%.