ITB, UMX: Big ETF Outflows
April 27, 2017 at 10:55 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 US Home Construction ETF (ITB), where 2,350,000 units were destroyed, or a 4.9% decrease week over week. Among the largest underlying components of ITB, in morning trading today DR Horton (DHI) is down about 0.1%, and Lennar Corporation (LEN) is lower by about 0.5%.