Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P Oil & Gas Exploration & Production ETF, where 7,600,000 units were
destroyed, or a 9.0% decrease week over week. Among the largest underlying components of XOP, in morning trading today Cabot Oil & Gas is up about 1.2%, and Chevron is up by about 1.4%.
And on a percentage change basis, the ETF with the biggest outflow was the VSMV ETF, which lost 500,000 of its units, representing a 31.2% 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.