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SPLV, WEBL: Big ETF Outflows
Tuesday, November 3, 11:32 AM 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 Invesco S&P 500 Low Volatility ETF, where 7,500,000 units were destroyed, or a 4.6% decrease week over week. Among the largest underlying components of SPLV, in morning trading today Verizon Communications is up about 0.7%, and Costco Wholesale is up by about 2%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily Dow Jones Internet Bull 3X Shares

(NYSE:WEBL), which lost 500,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior. Among the largest underlying components of WEBL, in morning trading today Akamai Technologies is up about 1.5%, and AMAZON.COM is up by about 2%.

For MarketNewsVideo.com, I'm Sayoko Murase

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