XLU, EDEN: Big ETF Outflows
updated Tuesday, March 15, 10:48 AM
« Backupdated Tuesday, March 15, 10:48 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Utilities Select Sector SPDR Fund (XLU), where 3,800,000 units were destroyed, or a 2.3% decrease week over week. Among the largest underlying components of XLU, in morning trading today Nextera Energy (NEE) is up about 0.3%, and Duke Energy (DUK) is up by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Denmark Capped ETF (EDEN), which lost 400,000 of its units, representing a 26.7% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase.
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