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XLP, KRU: Big ETF Outflows
Friday, December 28, 12:24 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 Consumer Staples Select Sector SPDR Fund (NYSE:XLP), which shed 17,600,000 shares, or a 9.7% decrease week over week.

And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra KBW Regional Banking (KRU), which lost 50,000 of its shares, for a whopping 50.0% decline in outstanding shares. Among the largest underlying components of KRU, in morning trading today Associates Banc Corporation (ASBC) is off about 0.8%, and Bancorpsouth Incorporated (NYSE:BXS) is lower by about 0.4%.

For MarketNewsVideo.com, I'm Sayoko Murase.

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