XLE, XRT: Big ETF Outflows
Energy Stock Channel - 10 hours, 30 minutes agoLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Energy Select Sector SPDR Fund, where 7,400,000 units were destroyed, or a 1.8% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil is off about 2%, and Chevron is lower by about 1.2%.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Retail ETF, which lost 1,800,000 of its units, representing a 36.0% decline in outstanding units compared to the week prior. Among the largest underlying components of XRT, in morning trading today Carvana is off about 2.6%, and Victorias Secret is up by about 1.9%.
