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XBI, UGE: 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 XBI: SPDR S&P Biotech ETF, US Equities ( XBI ), where 1,800,000 units were destroyed, or a 4.2% decrease week over week. Among the largest underlying components of XBI, in morning trading today Ariad Pharmaceuticals ( ARIA ) is trading flat, and Clovis Oncology ( CLVS ) is higher by about 0.3%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Consumer Goods ( UGE ), which lost 50,000 of its units, representing a 14.3% decline in outstanding units compared to the week prior. Among the largest underlying components of UGE, in morning trading today Procter & Gamble Company ( PG ) is off about 0.8%, and Coca-Cola Company (KO) is lower by about 0.3%.

VIDEO: XBI, UGE: 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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