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 iShares U.S. Utilities ETF (AMEX:IDU), which shed 3.9 million shares, or a 30.4% decrease week over week. Among the largest underlying components of IDU, in morning trading today Duke Energy (NYSE:DUK) is off about 1.2%, and Southern Company (NYSE:SO) is lower by about 1.2%.
And on a percentage change basis, the ETF with the largest outflow was the Proshares UltraPro MidCap400 (AMEX:UMDD), which lost 150,000 of its shares, for a whopping 27.3% decline in outstanding shares. Among the largest underlying components of UMDD, in morning trading today 3D Systems (NYSE:DDD) is off about 2.8%, and Aaron's (NYSE:AAN) is lower by about 1.1%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.