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The SPDR S&P Regional Banking ETF (KRE) experienced a significant outflow of approximately $619.3 million, marking a 16.3% decrease in shares outstanding from 63,350,000 to 53,052,585. This change was noted in the week ending today.
As of the latest trading data, KRE’s share price is $59.87, within a 52-week range of $47.06 to $70.25. The ETF’s performance is being influenced by underlying components such as Valley National Bancorp (VLY), which is down 1.3%, Columbia Banking System Inc (COLB), down 0.5%, and Cadence Bank (CADE), down 0.4%.
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