GDX, FTLB: Big ETF Inflows Thursday, July 5, 10:50 AM ET
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 (GDX), which added 14,800,000 units, or a 4.0% increase week over week. Among the largest underlying components of GDX, in morning trading today Newmont Mining Corporation (NEM) is up about 2.1%, and Barrick Gold Corporation (ABX) is up by about 0.8%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the First Trust Hedged BuyWrite Income ETF (FTLB), which added 150,000 units, for a 33.3% increase in outstanding units. Among the largest underlying components of FTLB, in morning trading today Intelsat (I) is off about 1%, and Facebook (FB) is higher by about 1.1%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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