KIE, XRT: Big ETF Outflows
ETF Channel Staff - Tuesday, January 23, 10:48 AMLooking 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 Insurance ETF (KIE), where 3,050,000 units were destroyed, or a 11.2% decrease week over week. Among the largest underlying components of KIE, in morning trading today First American (FAF) is up about 0.8%, and Lincoln National (LNC) is lower by about 1.4%.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Retail ETF (XRT), which lost 2,650,000 of its units, representing a 24.0% decline in outstanding units compared to the week prior. Among the largest underlying components of XRT, in morning trading today OVERSTOCK.COM (OSTK) is off about 1.5%, and Kohl's Corporation (KSS) is higher by about 0.1%.