GDX, IPKW: Big ETF Outflows
August 12, 2015 at 10:48 AM EDT
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Gold Miners ETF (GDX), where 10,400,000 units were destroyed, or a 3.1% decrease week over week. Among the largest underlying components of GDX, in morning trading today Goldcorp (GG) is up about 6%, and Newmont Mining (NEM) is up by about 8.2%.