XLK, UCC: 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 Technology Select Sector SPDR Fund ( XLK ), where 56.3 million units were destroyed, or a 14.4% decrease week over week. Among the largest underlying components of XLK, in morning trading today Apple ( AAPL ) is up about 0.6%, and Google ( GOOG ) is up by about 0.3%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra Consumer Services ETF ( UCC ), which lost 75,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. Among the largest underlying components of UCC, in morning trading today Aaron's ( AAN ) is off about 0.1%, and Abercrombie & Fitch (ANF) is up by about 1%.

XLK, UCC: Big ETF Outflows VIDEO: XLK, UCC: 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: XLK , AAPL , GOOG , UCC , AAN

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