XLF, XOP: Big ETF Outflows

By ETFChannel.com,

Shutterstock photo

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 23,150,000 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 down about 0.6%, and Berkshire Hathaway (BRK.B) is higher by about 0.3%.

And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP ), which lost 4,000,000 of its units, representing a 26.4% decline in outstanding units compared to the week prior. Among the largest underlying components of XOP, in morning trading today Green Plains Renewable Energy ( GPRE ) is up about 0.6%, and EPL Oil & Gas ( EPL ) is lower by about 0.6%.

XLF, XOP: Big ETF Outflows VIDEO: XLF, XOP: 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
Referenced Stocks: XLF , WFC , XOP , GPRE , EPL

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