COWZ, TRUD: Big ETF Outflows
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the COWZ ETF, where 31,900,000 units were destroyed, or a 9.9% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the VanEck Consumer Discretionary TruSector ETF, which lost 480,000 of its units, representing a 34.5% decline in outstanding units compared to the week prior. Among the largest underlying components of TRUD, in morning trading today State Street Consumer Discretionary is up about 0.5%, and AMAZON.COM is higher by about 1.2%.
VIDEO: COWZ, TRUD: Big ETF Outflows
BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.