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SPIB, IGN: Big ETF Outflows

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Shutterstock photo

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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 SPDR Portfolio Intermediate Term Corporate Bond ETF ( SPIB ), where 5,000,000 units were destroyed, or a 4.9% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the iShares North American Tech-Multimedia Networking ETF ( IGN ), which lost 300,000 of its units, representing a 24.0% decline in outstanding units compared to the week prior. Among the largest underlying components of IGN, in morning trading today Palo Alto Networks ( PANW ) is up about 0.8%, and Cisco Systems ( CSCO ) is lower by about 0.3%.

VIDEO: SPIB, IGN: 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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SPIB CSCO PANW IGN

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