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OIH, JPNL: Big ETF Outflows
Tuesday, January 27, 1:14 PM ET

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Oil Services ETF (AMEX:OIH), where 1,500,000 units were destroyed, or a 4.8% decrease week over week. Among the largest underlying components of OIH, in morning trading today Schlumberger (NYSE:SLB) is down about 0.2%, and Halliburton Company (NYSE:HAL) is lower by about 0.7%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily Japan Bull 3x Shares (AMEX:JPNL), which lost 49,999 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of JPNL, in morning trading today Ishares MSCI Japan Index (AMEX:EWJ) is up about 0.2%.

For MarketNewsVideo.com, I'm Sayoko Murase.

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OIH, JPNL: Big ETF Outflows | Market News Video | Copyright © 2008 - 2015, All Rights Reserved

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