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KBE, CHIE: 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 SPDR S&P Bank ETF (KBE), where 6,800,000 units were destroyed, or a 7.3% decrease week over week. Among the largest underlying components of KBE, in morning trading today Bankunited (BKU) is down about 1.7%, and Synovus Financial (SNV) is lower by about 2.4%.
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