VGSH, GURU: 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 Vanguard Short-Term Treasury ETF, where 35,673,609 units were destroyed, or a 9.3% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Guru Index ETF, which lost 440,000 of its units, representing a 30.6% decline in outstanding units compared to the week prior. Among the largest underlying components of GURU, in morning trading today Air Products and Chemicals is up about 0.6%, and Ally Financial is lower by about 2.2%.
VIDEO: VGSH, GURU: 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.