GDX, TPAY: Big ETF Outflows
updated Monday, April 13, 10:49 AM
« Backupdated Monday, April 13, 10:49 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Gold Miners ETF, where 17,700,000 units were destroyed, or a 4.2% decrease week over week. Among the largest underlying components of GDX, in morning trading today Newmont is up about 0.3%, and Barrick Gold Corporation is higher by about 1.1%.
And on a percentage change basis, the ETF with the biggest outflow was the TPAY ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase
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