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 Financial Select Sector SPDR Fund, where 10,750,000 units were destroyed, or a 1.1% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway is up about 0.8%, and JP Morgan Chase is relatively unchanged.
And on a percentage change basis, the ETF with the biggest outflow was the Leverage Shares 2X Long HOOD Daily ETF, which lost 570,000 of its units, representing a 39.9% decline in outstanding units compared to the week prior.
VIDEO: XLF, HOOG: 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.
