XLU, ICOL: Big ETF Outflows
Energy Stock Channel - Friday, June 26, 10:51 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Utilities Select Sector SPDR Fund (XLU), where 4,650,000 units were destroyed, or a 3.3% decrease week over week. Among the largest underlying components of XLU, in morning trading today Duke Energy Corporation (DUK) is up about 0.4%, and Nextera Energy (NEE) is relatively unchanged.
And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Colombia Capped ETF (ICOL), which lost 250,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior.