XLU, HYZD: Big ETF Outflows
updated Thursday, November 5, 10:53 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 8,700,000 units were destroyed, or a 5.5% decrease week over week. Among the largest underlying components of XLU, in morning trading today Nextera Energy (NEE) is trading flat, and Duke Energy Corporation (DUK) is lower by about 1.2%.
And on a percentage change basis, the ETF with the biggest outflow was the WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD), which lost 300,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase.