IYE, IYJ: Big ETF Outflows
updated Friday, February 14, 12:34 PMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares U.S. Energy ETF (IYE), where 13.3 million units were destroyed, or a 34.5% decrease week over week. Among the largest underlying components of IYE, in morning trading today Exxon Mobil (XOM) is up about 1.9%, and Chevron (CVX) is higher by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares U.S. Industrials ETF (IYJ), which lost 6.5 million of its units, representing a 33.6% decline in outstanding units compared to the week prior. Among the largest underlying components of IYJ, in morning trading today General Electric (GE) is up about 0.6%, and United Technologies (UTX) is lower by about 0.2%.
For MarketNewsVideo.com, I'm Kristin Bianco.