Comparing units outstanding versus one week ago at our coverage universe of ETFs, the largest inflow was seen in the Gold Miners ETF (NYSE:GDX), which added about 9.7 million units, for a 3.3% increase week over week. Goldcorp (GG) is among the largest underlying components of GDX, and is off about 2.4% in morning trading today. Another large component, Barrick Gold (ABX), is lower by about 3.4%. These drops come as the underlying metal itself has come under pressure, with gold trading off about four tenths of a percent today and down sharply for the year.
Moving to another ETF with a large increase in inflows, we found that the Semiconductor ETF (NASDAQ:SMH) added just over 2 million units versus a week ago, which represented a 37% increase in units outstanding. Among the largest underlying components of SMH, Intel (NASDAQ:INTC) is up about 0.8% in morning trading today, and Taiwan Semiconductor (NYSE:TSM) is lower by about 1.7%.
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.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.