VFH, DUST: Big ETF Outflows
ETF Channel Staff - Wednesday, September 28, 11:06 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 Vanguard Financials ETF, where 8,942,046 units were destroyed, or a 12.0% decrease week over week. Among the largest underlying components of VFH, in morning trading today Texas Pacific Land Trust is up about 2.2%, and Arbor Realty Trust is lower by about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Gold Miners Index Bear 3x Shares, which lost 2,300,000 of its units, representing a 19.6% decline in outstanding units compared to the week prior.