XOP, XRT: Big ETF Outflows Monday, September 23, 10:50 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 SPDR S&P Oil & Gas Exploration & Production ETF (XOP), where 11,200,000 units were destroyed, or a 13.6% decrease week over week. Among the largest underlying components of XOP, in morning trading today Hollyfrontier (HFC) is down about 0.9%, and Noble Energy (NBL) is lower by about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Retail ETF (XRT), which lost 2,850,000 of its units, representing a 29.7% decline in outstanding units compared to the week prior. Among the largest underlying components of XRT, in morning trading today Stamps.com (STMP) is down about 0.6%, and Carvana (CVNA) is lower by about 1.7%.
For MarketNewsVideo.com, I'm Sayoko Murase
|