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EWI, KRU: Big ETF Outflows

By: BNK Invest
Posted: 5/14/2014 12:28:00 PM
Referenced Stocks: EWI;KRU;ASBC;BXS

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 MSCI Italy Capped ETF ( EWI ), where 1.95 million units were destroyed, or a 2.2% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra KBW Regional Banking ( KRU ), which lost 50,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of KRU, in morning trading today Associates Banc Corporation ( ASBC ) is off about 1.5%, and BancorpSouth ( BXS ) is lower by about 2.4%.

EWI, KRU: Big ETF Outflows VIDEO: EWI, KRU: Big ETF Outflows