GDX, DBO: Big ETF Inflows
Metals Channel - Thursday, February 22, 10:50 AM
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Gold Miners ETF (GDX), which added 18,500,000 units, or a 5.8% increase week over week. Among the largest underlying components of GDX, in morning trading today Newmont Mining Corporation (NEM) is up about 0.6%, and Barrick Gold Corporation (ABX) is up by about 0.4%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the PowerShares DB Oil Fund (DBO), which added 10,800,000 units, for a 35.8% increase in outstanding units. Among the largest underlying components of DBO, in morning trading today Meta Financial Group (CASH) is up about 0.7%, and Powershares Treasury Collateral Portfolio (CLTL) is relatively unchanged.