PGX, RYE: Big ETF Outflows

Comment

Shutterstock photo

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares Preferred Portfolio ( PGX ), where 6,800,000 units were destroyed, or a 4.5% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Guggenheim S&P 500 Equal Weight Energy ETF ( RYE ), which lost 500,000 of its units, representing a 15.6% decline in outstanding units compared to the week prior. Among the largest underlying components of RYE, in morning trading today New Field Exploration ( NFX ) is down about 0.7%, and Anadarko Petroleum ( APC ) is lower by about 0.5%.

PGX, RYE: Big ETF Outflows VIDEO: PGX, RYE: 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
More Headlines for: PGX , RYE , NFX , APC


More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com