XLE, GML: 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 4,750,000 units were destroyed, or a 3.8% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil ( XOM ) is down about 0.3%, and Chevron ( CVX ) is lower by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Emerging Latin America ETF ( GML ), which lost 100,000 of its units, representing a 11.1% decline in outstanding units compared to the week prior.

XLE, GML: Big ETF Outflows VIDEO: XLE, GML: Big ETF Outflows

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

This article appears in: Investing , Investing Ideas
More Headlines for: XLE , XOM , CVX , GML

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