IWM, XRT: Big ETF Outflows Wednesday, May 28, 12:10 PM ET
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Russell 2000 ETF (IWM), where 11,350,000 units were destroyed, or a 5% decrease week over week. Among the largest underlying components of IWM, in morning trading today American Realty Capital Properties (ARCP) is up about 1%, and Rite Aid (RAD) is lower by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Retail ETF (XRT), which lost 1,199,887 of its units, representing a 12.5% decline in outstanding units compared to the week prior. Among the largest underlying components of XRT, in morning trading today Conns (CONN) is off about 1.2%, and Asbury Automotive Group (ABG) is lower by about 0.3%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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