News Column

SLV, NUGT: Big ETF Outflows

June 23, 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 Silver Trust (SLV), where 4,700,000 units were destroyed, or a 1.4% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Daily Gold Miners Bull 3x Shares (NUGT), which lost 4,200,000 of its units, representing a 17.6% decline in outstanding units compared to the week prior. Among the largest underlying components of NUGT, in morning trading today Market Vectors Gold Miners ETF (GDX) is up about 1.2%.

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