RSX, UDN: Big ETF Outflows
ETF Channel Staff - Friday, May 25, 10:47 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 Russia ETF, where 2,450,000 units were destroyed, or a 3.0% decrease week over week. Among the largest underlying components of RSX, in morning trading today Mobile Telesystems is up about 1.6%, and Yandex is higher by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares DB US Dollar Index Bearish Fund, which lost 400,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior.