XOP, GHYB: Big ETF Outflows
ETF Channel Staff - Monday, May 20, 10:47 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 Oil & Gas Exploration & Production ETF (XOP), where 11,600,000 units were destroyed, or a 16.3% decrease week over week. Among the largest underlying components of XOP, in morning trading today Anadarko Petroleum (APC) is down about 0.1%, and Parsley Energy (PE) is lower by about 0.8%.
And on a percentage change basis, the ETF with the biggest outflow was the GHYB ETF (GHYB), which lost 600,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.