PDP, MEXX: Big ETF Outflows
January 10, 2018 at 10:50 AM EST
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares DWA Momentum Portfolio (PDP), where 3,750,000 units were destroyed, or a 11.0% decrease week over week. Among the largest underlying components of PDP, in morning trading today Apple (AAPL) is down about 0.4%, and Mastercard (MA) is lower by about 0.6%.