ITB, IHY: Big ETF Outflows
November 08, 2013 at 12:35 PM EST
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the iShares US Home Construction ETF (ITB), which shed 10 million shares, or a 12.7% decrease week over week. Among the largest underlying components of ITB, in morning trading today PulteGroup (PHM) is down about 3.6%, and Lennar (LEN) is lower by about 4%.