NUGT, GGOV: Big ETF Outflows
May 01, 2015 at 11:31 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 Daily Gold Miners Index Bull 3x Shares (NUGT), where 5,250,000 units were destroyed, or a 7.3% decrease week over week. Among the largest underlying components of NUGT, in morning trading today Market Vectors Gold Miners ETF (GDX) is up about 0.5%.