DRIP, JDST: Big ETF Outflows
ETF Channel Staff - Friday, July 20, 11:44 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP), where 6,300,000 units were destroyed, or a 32.9% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Junior Gold Miners Index Bear 3X Shares (JDST), which lost 550,000 of its units, representing a 29.9% decline in outstanding units compared to the week prior.