MOAT, OILU: Big ETF Outflows

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 Morningstar Wide Moat ETF, where 4,450,000 units were destroyed, or a 12.2% decrease week over week. Among the largest underlying components of MOAT, in morning trading today Polaris Industries is down about 0.2%, and Biogen is lower by about 0.8%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro 3x Crude Oil ETF, which lost 200,000 of its units, representing a 30.8% decline in outstanding units compared to the week prior.

MOAT, OILU: Big ETF Outflows VIDEO: MOAT, OILU: 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
Referenced Symbols: MOAT , OILU , PII , BIIB

More from BNK Invest


BNK Invest

BNK Invest

Market News, Investing

Research Brokers before you trade

Want to trade FX?