MDY, XTL: Big ETF Outflows

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Looking 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 MIDCAP 400 ETF ( MDY ), where 5,049,622 units were destroyed, or a 7.8% decrease week over week. Among the largest underlying components of MDY, in morning trading today Equinix ( EQIX ) is up about 0.6%, and United Rentals ( URI ) is higher by about 1.1%.

And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Telecom ETF ( XTL ), which lost 100,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. Among the largest underlying components of XTL, in morning trading today 8x8 ( EGHT ) is off about 0.1%, and Windstream Holdings (WIN) is relatively unchanged.

MDY, XTL: Big ETF Outflows VIDEO: MDY, XTL: Big ETF Outflows



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: MDY , EQIX , URI , XTL , EGHT

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