SPLV, SVXY: Big ETF Outflows
August 15, 2016 at 10:49 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 PowerShares S&P 500 Low Volatility Portfolio (SPLV), where 2,650,000 units were destroyed, or a 1.4% decrease week over week. Among the largest underlying components of SPLV, in morning trading today Pepsico (PEP) is up about 0.2%, and Coca-Cola Company (KO) is higher by about 0.2%.