VUG, LABD: Big ETF Outflows Friday, January 27, 10:50 AM 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 Vanguard Growth ETF, where 7,548,528 units were destroyed, or a 3.6% decrease week over week. Among the largest underlying components of VUG, in morning trading today Apple is up about 0.1%, and AMAZON.COM is lower by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Biotech Bear 3x Shares, which lost 1,400,000 of its units, representing a 20.6% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase
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