OIH, JDST: 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 Oil Services ETF ( OIH ), where 3,800,000 units were destroyed, or a 7.7% decrease week over week. Among the largest underlying components of OIH, in morning trading today Schlumberger ( SLB ) is down about 1.5%, and Halliburton Company ( HAL ) is lower by about 1.3%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily Junior Gold Miners Index Bear 3X Shares ( JDST ), which lost 650,000 of its units, representing a 35.4% decline in outstanding units compared to the week prior.

OIH, JDST: Big ETF Outflows VIDEO: OIH, JDST: 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: OIH , SLB , HAL , JDST

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