XLU, LLSC: Big ETF Outflows
ETF Channel Staff - Thursday, March 5, 11:08 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Utilities Select Sector SPDR Fund (XLU), where 14,350,000 units were destroyed, or a 8.5% decrease week over week. Among the largest underlying components of XLU, in morning trading today Duke Energy (DUK) is up about 0.9%, and Nextera Energy (NEE) is up by about 1.5%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Small Cap Bull 1.25x Shares (LLSC), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of LLSC, in morning trading today iShares Russell 2000 Index (IWM) is up about 0.4%.