PID, LBJ: Big ETF Outflows
May 09, 2017 at 10:48 AM EDT
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 International Dividend Achievers Portfolio (PID), where 1,300,000 units were destroyed, or a 2.4% decrease week over week. Among the largest underlying components of PID, in morning trading today Golar LNG Partners (GMLP) is off about 2.2%, and BP (BP) is lower by about 0.1%.