KBE, URTY: Big ETF Outflows

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 S&P Bank ETF (KBE), where 1,950,000 units were destroyed, or a 2.8% decrease week over week. Among the largest underlying components of KBE, in morning trading today Comerica (CMA) is off about 0.3%, and Regions Financial (RF) is lower by about 0.4%.