Significant ETF Redemptions for TNGY and BNDD

Avatar photo

The Tortoise Energy Fund (TNGY) experienced the largest outflow among ETFs this week, with 5,675,000 units, marking a 9.7% decrease in outstanding units. In related trading, Marathon Petroleum and Valero Energy saw declines of 0.7% and 0.9%, respectively.

Additionally, the Quadratic Deflation ETF (BNDD) faced a significant decline, losing 135,000 units, equating to a 38.5% drop compared to the previous week. The Vanguard Long-term Treasury ETF, a major component of BNDD, was down by approximately 0.7% during morning trading.

5 Stocks Our Experts Predict Could Double In the Next Year

By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.

The free Daily Market Overview 250k traders and investors are reading

Read Now