KRE, MDLL: 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 Regional Banking ETF (KRE), where 6.5 million units were destroyed, or a 12.6% decrease week over week. Among the largest underlying components of KRE, in morning trading today Signature Bank (SBNY) is down about 0.3%, and East West Bancorp (EWBC) is lower by about 1.3%.