GDX, XRT: Big ETF Outflows
October 31, 2018 at 10:48 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 Gold Miners ETF (GDX), where 3,900,000 units were destroyed, or a 0.9% decrease week over week. Among the largest underlying components of GDX, in morning trading today Newmont Mining Corporation (NEM) is off about 2.7%, and Barrick Gold Corporation (ABX) is lower by about 1.9%.