Chronicle Journal: Finance

KBE, SLT: 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 Bank ETF, where 10,300,000 units were destroyed, or a 12.5% decrease week over week. Among the largest underlying components of KBE, in morning trading today Silvergate Capital is down about 2.5%, and US Bancorp is lower by about 0.6%.
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