News Column

PFF, KRU: Big ETF Outflows

June 11, 2014

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 U.S. Preferred Stock ETF (PFF), where 3,050,000 units were destroyed, or a 1.2% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra KBW Regional Banking (KRU), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of KRU, in morning trading today Associates Banc (ASBC) is down about 0.8%, and BancorpSouth (BXS) is lower by about 0.6%.

The preceding is a transcript of the video published at:

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