svxy

XLE, SVXY: Big ETF Outflows

Shutterstock photo

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 Energy Select Sector SPDR Fund ( XLE ), where 1,750,000 units were destroyed, or a 0.7% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil ( XOM ) is down about 0.6%, and Chevron ( CVX ) is lower by about 1.5%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares Short VIX Short-Term Futures ETF ( SVXY ), which lost 1,200,000 of its units, representing a 35.3% decline in outstanding units compared to the week prior.

VIDEO: XLE, SVXY: 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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