GDX, RAAX: 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 Gold Miners ETF, where 7,500,000 units were destroyed, or a 1.8% decrease week over week. Among the largest underlying components of GDX, in morning trading today Newmont Goldcorp is down about 0.5%, and Barrick Gold is lower by about 0.5%.

And on a percentage change basis, the ETF with the biggest outflow was the RAAX ETF, which lost 550,000 of its units, representing a 32.4% decline in outstanding units compared to the week prior.

GDX, RAAX: Big ETF Outflows VIDEO: GDX, RAAX: 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 , Stocks , ETFs
Referenced Symbols: GDX , RAAX , NEM , GOLD

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