DBE, DUST: Big ETF Outflows
ETF Channel Staff - Wednesday, June 28, 11:02 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 Energy Fund, where 3,999,960 units were destroyed, or a 31.7% decrease week over week. Among the largest underlying components of DBE, in morning trading today Powershares Exchange Traded Fund is trading flat.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Gold Miners Index Bear 3X Shares, which lost 3,500,295 of its units, representing a 31.1% decline in outstanding units compared to the week prior.