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The SPDR S&P Regional Banking ETF (KRE) experienced a significant outflow of approximately $234.7 million, representing a 5.7% decrease in shares outstanding from 63,602,585 to 60,002,585. This data was reported this week, reflecting investor sentiment in the regional banking sector.
Key underlying components of KRE include Citizens Financial Group Inc (CFG), which is down about 0.1%, Regions Financial Corp (RF), down about 0.3%, and Western Alliance Bancorporation (WAL), which is lower by about 0.7%. Currently, KRE’s share price stands at $64.80, compared to its 52-week low of $47.06 and high of $70.25.
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