XLF, SCC: 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 22,500,000 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 up about 1%, and Berkshire Hathaway Class B (BRK.B) is up by about 1.4%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraShort Consumer Services ( SCC ), which lost 150,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior.


XLF, SCC: Big ETF Outflows VIDEO: XLF, SCC: 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 , SCC

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