KRE, FDM: 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, where 4,450,000 units were destroyed, or a 5.9% decrease week over week. Among the largest underlying components of KRE, in morning trading today PNC Financial Services is down about 0.7%, and M&T Bank is lower by about 0.5%.