XLU, PEX: 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 Utilities Select Sector SPDR Fund ( XLU ), where 16,600,000 units were destroyed, or a 11.1% decrease week over week. Among the largest underlying components of XLU, in morning trading today Nextera Energy ( NEE ) is off about 0.7%, and Duke Energy ( DUK ) is lower by about 0.4%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares Global Listed Private Equity ETF ( PEX ), which lost 74,999 of its units, representing a 21.4% decline in outstanding units compared to the week prior. Among the largest underlying components of PEX, in morning trading today Information Services Group ( III ) is off about 2.4%, and Ares Capital (ARCC) is up by about 0.9%.

XLU, PEX: Big ETF Outflows VIDEO: XLU, PEX: 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
Referenced Symbols: XLU , NEE , DUK , PEX , III

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