DBO, CURE: Big ETF Outflows
October 23, 2017 at 10:47 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 PowerShares DB Oil Fund (DBO), where 7,600,000 units were destroyed, or a 14.8% decrease week over week. Among the largest underlying components of DBO, in morning trading today Meta Financial Group (CASH) is down about 0.1%, and Powershares Exchange Traded Fund (CLTL) is relatively unchanged.