XLP, KOLD: Big ETF Outflows Thursday, August 30, 10:47 AM ET
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Consumer Staples Select Sector SPDR Fund, where 4,000,000 units were destroyed, or a 2.3% decrease week over week. Among the largest underlying components of XLP, in morning trading today Procter & Gamble is trading flat, and Coca-cola is lower by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares ProShares UltraShort Bloomberg Natural Gas, which lost 50,000 of its units, representing a 22.2% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase
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