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KBWB, BIS: Big ETF Outflows
Thursday, January 3, 12:42 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 KBW Bank Portfolio (NASDAQ:KBWB), which shed 4,700,000 shares, or a 61.0% decrease week over week. Among the largest underlying components of KBWB, in morning trading today Citigroup Incorporated (NYSE:C) is off about 0.1%, and JP Morgan Chase & Company (NYSE:JPM) is lower by about 0.9%.

And on a percentage change basis, the ETF with the largest outflow was the Proshares UltraShort Nasdaq Biotechnology (NASDAQ:BIS), which lost 225,000 of its shares, for a whopping 75.0% decline in outstanding shares.

For MarketNewsVideo.com, I'm Sayoko Murase

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