TNGY, BNDD: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Tortoise Energy Fund, where 5,675,000 units were destroyed, or a 9.7% decrease week over week. Among the largest underlying components of TNGY, in morning trading today Marathon Petroleum is down about 0.7%, and Valero Energy is lower by about 0.9%.

And on a percentage change basis, the ETF with the biggest outflow was the The Quadratic Deflation ETF, which lost 135,000 of its units, representing a 38.5% decline in outstanding units compared to the week prior. Among the largest underlying components of BNDD, in morning trading today Vanguard Long-term Treasury ETF is off about 0.7%.

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