XLB, FTXG: Big ETF Outflows Wednesday, February 17, 11:35 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 The Materials Select Sector SPDR Fund, where 6,200,000 units were destroyed, or a 6.9% decrease week over week. Among the largest underlying components of XLB, in morning trading today Linde is down about 0.3%, and Sherwin-williams is up by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Nasdaq Food & Beverage ETF, which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of FTXG, in morning trading today Darling Ingredients is down about 1.1%, and Medifast is up by about 0.4%.
For MarketNewsVideo.com, I'm Sayoko Murase
|