XLV, HDG: Big ETF Outflows
ETF Channel Staff - Friday, October 24, 1:20 PMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Health Care Select Sector SPDR Fund (XLV), where 6,950,000 units were destroyed, or a 4.0% decrease week over week. Among the largest underlying components of XLV, in morning trading today Johnson & Johnson (JNJ) is down about 0.3%, and Pfizer (PFE) is up by about 1.1%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares Hedge Replication ETF (HDG), which lost 500,000 of its units, representing a 37.7% decline in outstanding units compared to the week prior. Among the largest underlying components of HDG, in morning trading today 1-800-Flowers.com (FLWS) is down about 1.1%, and 22nd Century Group (XXII) is lower by about 0.9%.