XLE, FXB: 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 Energy Select Sector SPDR Fund ( XLE ), where 4,150,000 units were destroyed, or a 3.4% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil ( XOM ) is up about 0.4%, and Chevron ( CVX ) is higher by about 0.3%.

And on a percentage change basis, the ETF with the biggest outflow was the British Pound Sterling Trust ( FXB ), which lost 100,000 of its units, representing a 20% decline in outstanding units compared to the week prior.

XLE, FXB: Big ETF Outflows VIDEO: XLE, FXB: 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: XLE , XOM , CVX , FXB

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