XLF, SAA: 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 10,450,000 units were destroyed, or a 1.3% decrease week over week. Among the largest underlying components of XLF, in morning trading today Wells Fargo & Company ( WFC ) is off about 0.5%, and Berkshire Hathaway Class B (BRK.B) is relatively unchanged.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra SmallCap600 ( SAA ), which lost 75,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of SAA, in morning trading today 8x8 ( EGHT ) is down about 4.1%, and AAON ( AAON ) is lower by about 2.4%.

XLF, SAA: Big ETF Outflows VIDEO: XLF, SAA: 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: XLF , WFC , SAA , EGHT , AAON

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