GDXJ, DUG: Big ETF Outflows
ETF Channel Staff - Friday, July 19, 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 Junior Gold Miners ETF (GDXJ), where 2,850,000 units were destroyed, or a 2.5% decrease week over week. Among the largest underlying components of GDXJ, in morning trading today Kinross Gold Corporation (KGC) is off about 1.5%, and Gold Fields (GFI) is lower by about 2.8%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Oil & Gas (DUG), which lost 150,000 of its units, representing a 29.0% decline in outstanding units compared to the week prior.