XLF, CSEX: 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 State Street Financial Select Sector SPDR ETF, where 25,850,000 units were destroyed, or a 2.5% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway is up about 0.4%, and JP Morgan Chase is higher by about 1.2%.
And on a percentage change basis, the ETF with the biggest outflow was the CSEX ETF, which lost 425,000 of its units, representing a 39.0% decline in outstanding units compared to the week prior.
VIDEO: XLF, CSEX: Big ETF Outflows
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