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 18,600,000 units were destroyed, or a 3.5% decrease week over week. Among the largest underlying components of XLU, in morning trading today Nextera Energy is off about 0.3%, and Southern is lower by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares High Yield Corporate Bond BuyWrite Strategy ETF, which lost 2,125,000 of its units, representing a 35.9% decline in outstanding units compared to the week prior.
VIDEO: XLU, HYGW: Big ETF Outflows
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