News Column

IAU, ROM: Big ETF Outflows

August 28, 2014

MarketNewsVideo.com



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 Gold Trust (IAU), where 3,200,000 units were destroyed, or a 0.6% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra Technology (ROM), which lost 375,000 of its units, representing a 23.8% decline in outstanding units compared to the week prior. Among the largest underlying components of ROM, in morning trading today 3D Systems (DDD) is up about 1.8%, and ACI Worldwide (ACIW) is lower by about 1.1%.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201408Outflows082814&mv=1.


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Source: MarketNewsVideo.com


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