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IGE, CHII: 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 iShares North American Natural Resources ETF ( IGE ), where 20,250,000 units were destroyed, or a 32.8% decrease week over week. Among the largest underlying components of IGE, in morning trading today Chevron ( CVX ) is up about 1.9%, and Exxon Mobil ( XOM ) is up by about 1.7%.

And on a percentage change basis, the ETF with the biggest outflow was the China Industrials ETF ( CHII ), which lost 200,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior. Among the largest underlying components of CHII, in morning trading today Hollysys Automation Tech ( HOLI ) is up about 1.3%.

VIDEO: IGE, CHII: 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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