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XLK, FINZ: Big ETF Outflows

Shutterstock photo
Shutterstock photo

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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Technology Select Sector SPDR Fund ( XLK ), where 19,450,000 units were destroyed, or a 6.1% decrease week over week. Among the largest underlying components of XLK, in morning trading today Apple ( AAPL ) is up about 0.1%, and Microsoft Corporation ( MSFT ) is lower by about 0.2%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro Short Financial Select Sector ( FINZ ), which lost 50,000 of its units, representing a 34.8% decline in outstanding units compared to the week prior.

VIDEO: XLK, FINZ: 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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