MBS, DRAI: 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 Angel Oak Mortgage-Backed Securities ETF, where 5,675,000 units were destroyed, or a 27.4% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Draco Evolution AI ETF, which lost 340,000 of its units, representing a 37.4% decline in outstanding units compared to the week prior. Among the largest underlying components of DRAI, in morning trading today Proshares Ultrapro QQQ is up about 1.1%, and Direxion Daily S&P 500 Bull 3X Share is up by about 0.4%.
VIDEO: MBS, DRAI: Big ETF Outflows
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