BIL, UDOW: Big ETF Outflows

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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 Barclays 1-3 Month T-Bill ETF ( BIL ), where 1,800,000 units were destroyed, or a 8.2% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraPro Dow30 ( UDOW ), which lost 200,000 of its units, representing a 15.4% decline in outstanding units compared to the week prior. Among the largest underlying components of UDOW, in morning trading today 3M Company ( MMM ) is trading flat, and American Express ( AXP ) is lower by about 0.9%.

BIL, UDOW: Big ETF Outflows VIDEO: BIL, UDOW: Big ETF Outflows



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: BIL , UDOW , MMM , AXP

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