XLU, SMH: Big ETF Outflows
ETF Channel Staff - Monday, April 23, 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 Utilities Select Sector SPDR Fund, where 8,100,000 units were destroyed, or a 5.8% decrease week over week. Among the largest underlying components of XLU, in morning trading today Nextera Energy is up about 0.2%, and Duke Energy is up by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the Semiconductor ETF, which lost 3,950,000 of its units, representing a 30.5% decline in outstanding units compared to the week prior. Among the largest underlying components of SMH, in morning trading today Intel is up about 0.4%, and Taiwan Semiconductor Manufacturing is lower by about 0.1%.