Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P Regional Banking ETF, where 3,750,000 units were destroyed, or a 5.4% decrease week over week. Among the largest underlying components of KRE, in morning trading today Cit Group is down about 0.6%, and Keycorp is lower by about 3.8%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro Dow30, which lost 300,000 of its units, representing a 16.2% decline in outstanding units compared to the week prior. Among the largest underlying components of UDOW, in morning trading today Goldman Sachs Group is off about 3.2%, and MMM is lower by about 0.8%.
For MarketNewsVideo.com, I'm Sayoko Murase