IXC, UAPR: Big ETF Outflows
updated Tuesday, October 20, 10:52 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 iShares Global Energy ETF, where 12,750,000 units were destroyed, or a 22.8% decrease week over week. Among the largest underlying components of IXC, in morning trading today Exxon Mobil is up about 0.2%, and Chevron is up by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the UAPR ETF, which lost 650,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase