XLF, XRT: Big ETF Outflows Thursday, April 4, 10:54 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 Financial Select Sector SPDR Fund, where 65,950,000 units were destroyed, or a 7.2% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway is up about 0.2%, and JP Morgan Chase is higher by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Retail ETF, which lost 3,050,000 of its units, representing a 33.5% decline in outstanding units compared to the week prior. Among the largest underlying components of XRT, in morning trading today Carvana is down about 1.7%, and Carmax is higher by about 0.8%.
For MarketNewsVideo.com, I'm Sayoko Murase
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