GLD, DRV: Big ETF Outflows
February 24, 2014 at 12:39 PM 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 SPDR Gold Shares (GLD), where 2.6 million units were destroyed, or a 1.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Real Estate Bear 3x Shares Fund (DRV), which lost 100,000 of its units, representing a 32.4% decline in outstanding units compared to the week prior.