PDP, PEZ: Big ETF Outflows
January 11, 2017 at 10:47 AM EST
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 DWA Momentum Portfolio (PDP), where 4,050,000 units were destroyed, or a 10.7% decrease week over week. Among the largest underlying components of PDP, in morning trading today Macquarie Infrastructure Corporation (MIC) is off about 0.2%, and JB Hunt Transport Services (JBHT) is up by about 0.9%.