Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Consumer Staples Select Sector SPDR Fund ( XLP ), where 16,350,000 units were destroyed, or a 8.8% decrease week over week. Among the largest underlying components of XLP, in morning trading today Procter & Gamble Company ( PG ) is off about 0.1%, and Coca-Cola Company ( KO ) is relatively unchanged.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Taiwan AlphaDEX Fund ( FTW ), which lost 199,998 of its units, representing a 36.4% 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.
