Credit: Shutterstock photoLooking 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 29,900,000 units were destroyed, or a 2.6% decrease week over week. Among the largest underlying components of XLF, in morning trading today JP Morgan Chase ( JPM ) is off about 0.3%, and Berkshire Hathaway ( BRK.B ) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Biotech Bear 3X Shares ( LABD ), which lost 950,000 of its units, representing a 28.5% decline in outstanding units compared to the week prior.
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.
