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XLF, HEWJ: 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 Financial Select Sector SPDR Fund ( XLF ), where 27,700,000 units were destroyed, or a 3.3% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway Class B (BRK.B) is up about 0.9%, and Wells Fargo & Company ( WFC ) is higher by about 2%.

And on a percentage change basis, the ETF with the biggest outflow was the iShares Currency Hedged MSCI Japan ETF ( HEWJ ), which lost 2,300,000 of its units, representing a 21.7% decline in outstanding units compared to the week prior.

VIDEO: XLF, HEWJ: 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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