MOAT, LABD: Big ETF Outflows
ETF Channel Staff - Monday, March 27, 11:02 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Morningstar Wide Moat ETF (MOAT), where 3,300,000 units were destroyed, or a 10.8% decrease week over week. Among the largest underlying components of MOAT, in morning trading today Cerner (CERN) is up about 1.7%, and Allergan (AGN) is up by about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Biotech Bear 3x Shares (LABD), which lost 2,000,000 of its units, representing a 14.5% decline in outstanding units compared to the week prior.