OIH, RWGV: Big ETF Outflows
ETF Channel Staff - Friday, January 24, 11:12 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 Oil Services ETF, where 4,650,000 units were destroyed, or a 8.7% decrease week over week. Among the largest underlying components of OIH, in morning trading today Schlumberger is off about 2%, and Halliburton is lower by about 2.2%.
And on a percentage change basis, the ETF with the biggest outflow was the Russell 1000— Growth Over Value ETF, which lost 75,000 of its units, representing a 27.3% decline in outstanding units compared to the week prior.