XLE, PEZ: Big ETF Outflows
ETF Channel Staff - Friday, August 16, 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 Energy Select Sector SPDR Fund (XLE), where 16,000,000 units were destroyed, or a 8.4% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil (XOM) is up about 0.8%, and Chevron Corporation (CVX) is higher by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), which lost 300,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of PEZ, in morning trading today O'Reilly Automotive (ORLY) is up about 1.5%, and Nike (NKE) is up by about 0.3%.