SMH, QINC: Big ETF Outflows Tuesday, January 30, 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 Semiconductor ETF (SMH), where 3,450,000 units were destroyed, or a 27.7% decrease week over week. Among the largest underlying components of SMH, in morning trading today Taiwan Semiconductor Manufacturing (TSM) is off about 1%, and Intel (INTC) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust RBA Quality Income ETF (QINC), which lost 750,000 of its units, representing a 38.5% decline in outstanding units compared to the week prior. Among the largest underlying components of QINC, in morning trading today Philip Morris International (PM) is down about 0.1%, and Amgen (AMGN) is lower by about 2.2%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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