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PHB, MVV: Big ETF Outflows
Thursday, October 4, 1:31 PM ET

Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the Fundamental High Yield Corporate Bond Portfolio (AMEX:PHB), which shed 7,300,000 shares, or a 12.9% decrease week over week.

And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra MidCap400 (AMEX:MVV), which lost 5,850,000 of its shares, for a whopping 67.8% decline in outstanding shares. Among the largest underlying components of MVV, in morning trading today Aarons Incorporated (NYSE:AAN) is up about 0.9%, and Aci Worldwide Incorporated (NASDAQ:ACIW) is lower by about 0.1%.

For MarketNewsVideo.com, I'm Sayoko Murase.

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