Investor Alert

New York Markets Close in:

Aug. 5, 2019, 10:53 a.m. EDT

ITB, CHAD: Big ETF Outflows

Aug 05, 2019 (MarketNewsVideo.com via COMTEX) -- Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares U.S. Home Construction ETF (ITB), where 2,950,000 units were destroyed, or a 9.4% decrease week over week. Among the largest underlying components of ITB, in morning trading today D.R. Horton (DHI) is down about 1.6%, and Lennar Corporation (LEN) is lower by about 1.6%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily CSI 300 China A Share Bear 1X Shares (CHAD), which lost 1,000,000 of its units, representing a 33.9% decline in outstanding units compared to the week prior.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=20190820190805etfflowsITBC&mv=1 .


Copyright 2019 MarketNewsVideo.com

Link to MarketWatch's Slice.