XLE, FJP: Big ETF Outflows
ETF Channel Staff - Monday, July 24, 10:50 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Energy Select Sector SPDR Fund, where 10,250,000 units were destroyed, or a 4.2% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil is down about 0.4%, and Chevron is lower by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Japan AlphaDEX Fund, which lost 550,000 of its units, representing a 31.4% decline in outstanding units compared to the week prior.