GDX, UCC: Big ETF Inflows
updated Thursday, May 12, 10:58 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, which added 15,400,000 units, or a 5.3% increase week over week. Among the largest underlying components of GDX, in morning trading today Barrick Gold is down about 0.3%, and Newmont Mining is lower by about 0.2%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares Ultra Consumer Services, which added 75,000 units, for a 33.3% increase in outstanding units. Among the largest underlying components of UCC, in morning trading today AMAZON.COM is up about 0.3%, and Home Depot is lower by about 0.1%.
For MarketNewsVideo.com, I'm Sayoko Murase