XLU, XPP: Big ETF Outflows
updated Wednesday, September 16, 10:55 AMLooking 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 10,500,000 units were destroyed, or a 6.9% decrease week over week. Among the largest underlying components of XLU, in morning trading today Duke Energy Corporation (DUK) is up about 0.7%, and Nextera Energy (NEE) is up by about 0.5%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra FTSE China 50 (XPP), which lost 125,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase.