IAU, SPDN: Big ETF Outflows
October 13, 2017 at 10:47 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 iShares Gold Trust (IAU), where 3,000,000 units were destroyed, or a 0.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P 500 Bear 1X Shares (SPDN), which lost 200,000 of its units, representing a 16.0% decline in outstanding units compared to the week prior.