XLU, XTAP: Big ETF Outflows
updated Thursday, February 8, 10:50 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 The Utilities Select Sector SPDR Fund, where 12,050,000 units were destroyed, or a 5.7% decrease week over week. Among the largest underlying components of XLU, in morning trading today Nextera Energy is off about 0.3%, and Southern is relatively unchanged.
And on a percentage change basis, the ETF with the biggest outflow was the XTAP ETF, which lost 150,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase