XLB, WBIN: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Materials Select Sector SPDR Fund, where 19,050,000 units were destroyed, or a 26.6% decrease week over week. Among the largest underlying components of XLB, in morning trading today Linde is trading flat, and Air Products and Chemicals is up by about 0.2%.

And on a percentage change basis, the ETF with the biggest outflow was the WBIN ETF, which lost 575,000 of its units, representing a 35.4% decline in outstanding units compared to the week prior.

VIDEO: XLB, WBIN: 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.

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