Significant ETF Outflows: A Closer Look at JGLO and KOLD
In the latest data from ETF Channel, notable changes occurred in ETF unit counts over the past week, highlighting substantial outflows in specific funds.
Massive Reduction in JGLO Units
The JGLO ETF experienced the largest decrease, with 6,625,000 units removed from circulation. This represents a 6.0% decline from the previous week, marking a significant adjustment in investor sentiment.
On a percentage basis, the ProShares UltraShort Bloomberg Natural Gas ETF faced the most dramatic outflow with a loss of 850,000 units. This reduction equates to a staggering 34.2% drop in outstanding units compared to the previous week, reflecting a notable shift in market dynamics.
VIDEO: JGLO, KOLD: Big ETF Outflows
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