GDX, SPUU: Big ETF Outflows
updated Tuesday, January 6, 1:23 PMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Gold Miners ETF (GDX), where 3,750,000 units were destroyed, or a 1.2% decrease week over week. Among the largest underlying components of GDX, in morning trading today Goldcorp (GG) is up about 5.4%, and Barrick Gold (ABX) is up by about 2.4%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P 500 Bull 2x Shares (SPUU), which lost 50,000 of its units, representing a 21.4% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase.