Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the State Street Utilities Select Sector SPDR ETF, where 10,250,000 units were destroyed, or a 2.0% decrease week over week. Among the largest underlying components of XLU, in morning trading today Nextera Energy is up about 0.7%, and Southern Company is up by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the Tradr 2X Long FLY Daily ETF, which lost 195,000 of its units, representing a 39.0% decline in outstanding units compared to the week prior.
VIDEO: XLU, FLYT: 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.
