XLE, SIJ: Big ETF Outflows
ETF Channel Staff - Wednesday, November 22, 10:53 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 3,050,000 units were destroyed, or a 1.2% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil is up about 0.6%, and Chevron is up by about 1.3%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Industrials, which lost 50,000 of its units, representing a 23.7% decline in outstanding units compared to the week prior.