PKB, GDJJ: 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 PowerShares Dynamic Building & Construction Portfolio (PKB), where 2,650,000 units were destroyed, or a 19.9% decrease week over week. Among the largest underlying components of PKB, in morning trading today NVR (NVR) is up about 0.2%, and Lennar (LEN) is up by about 0.9%.