DBO, CURE: Big ETF Outflows
ETF Channel Staff - Monday, October 23, 10:47 AMLooking 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 Oil Fund (DBO), where 7,600,000 units were destroyed, or a 14.8% decrease week over week. Among the largest underlying components of DBO, in morning trading today Meta Financial Group (CASH) is down about 0.1%, and Powershares Exchange Traded Fund (CLTL) is relatively unchanged.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Healthcare Bull 3X Shares (CURE), which lost 1,250,000 of its units, representing a 27.5% decline in outstanding units compared to the week prior.