KRE, UDOW: 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 3,750,000 units were destroyed, or a 5.4% decrease week over week. Among the largest underlying components of KRE, in morning trading today Cit Group is down about 0.6%, and Keycorp is lower by about 3.8%.