XLF, XSHQ: Big ETF Outflows
ETF Channel Staff - Friday, May 24, 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 The Financial Select Sector SPDR Fund, where 11,700,000 units were destroyed, or a 1.3% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway is off about 0.2%, and JP Morgan Chase is up by about 0.7%.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco S&P SmallCap Quality ETF (XSHQ), which lost 100,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior. Among the largest underlying components of XSHQ, in morning trading today Tetra Tech is up about 1.4%, and Axon Enterprise is lower by about 0.5%.