XLE, FBZ: Big ETF Outflows
updated Wednesday, August 9, 10:47 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Energy Select Sector SPDR Fund (XLE), where 5,000,000 units were destroyed, or a 2.1% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil (XOM) is up about 0.2%, and Chevron (CVX) is higher by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Brazil AlphaDEX Fund (FBZ), which lost 700,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase.