IYJ, KBWC: Big ETF Outflows
June 05, 2014 at 12:42 PM 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 iShares US Industrials ETF (IYJ), where 4,150,000 units were destroyed, or a 32.4% decrease week over week. Among the largest underlying components of IYJ, in morning trading today General Electric (GE) is down about 0.2%, and United Technologies (UTX) is up by about 0.2%.