DGRO, SIJ: Big ETF Outflows Tuesday, September 28, 10:47 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 iShares Core Dividend Growth ETF, where 12,350,000 units were destroyed, or a 3.0% decrease week over week. Among the largest underlying components of DGRO, in morning trading today Microsoft is down about 2.5%, and Verizon Communications is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares ProShares UltraShort Industrials, which lost 50,000 of its units, representing a 30.3% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase
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