CVY, EWN: 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 Guggenheim Multi-Asset Income ETF ( CVY ), where 14,550,200 units were destroyed, or a 22.9% decrease week over week. Among the largest underlying components of CVY, in morning trading today Nustar Energy LP ( NS ) is down about 0.3%, and Penn West Petroleum ( PWE ) is higher by about 1.3%.

And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Netherlands ETF ( EWN ), which lost 1,900,000 of its units, representing a 15.7% decline in outstanding units compared to the week prior.

CVY, EWN: Big ETF Outflows VIDEO: CVY, EWN: Big ETF Outflows

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

This article appears in: Investing , Investing Ideas
Referenced Symbols: CVY , NS , PWE , EWN

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