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 4,050,000 units were destroyed, or a 4.4% decrease week over week. Among the largest underlying components of XLB, in morning trading today Linde is off about 0.3%, and Sherwin-williams is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Fallen Knives ETF, which lost 50,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior. Among the largest underlying components of NIFE, in morning trading today Adc Therapeutics is off about 1.7%, and Allogene Therapeutics is lower by about 2.1%.
For MarketNewsVideo.com, I'm Sayoko Murase