XLF, HDG: 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 Financial Select Sector SPDR Fund ( XLF ), where 23,350,000 units were destroyed, or a 2.8% decrease week over week. Among the largest underlying components of XLF, in morning trading today Wells Fargo & Company ( WFC ) is trading flat, and Berkshire Hathaway Class B (BRK.B) is lower by about 0.6%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Hedge Replication ETF ( HDG ), which lost 150,000 of its units, representing a 16.7% decline in outstanding units compared to the week prior. Among the largest underlying components of HDG, in morning trading today 3M Company ( MMM ) is up about 0.3%, and Abbott Labs ( ABT ) is higher by about 0.5%.

XLF, HDG: Big ETF Outflows VIDEO: XLF, HDG: 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: XLF , WFC , HDG , MMM , ABT

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