updated Friday, August 5, 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 Oil Services ETF (OIH), where 3,000,000 units were destroyed, or a 9.8% decrease week over week. Among the largest underlying components of OIH, in morning trading today Schlumberger (SLB) is up about 0.6%, and Halliburton (HAL) is up by about 0.5%.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Capital Markets ETF (KCE), which lost 600,000 of its units, representing a 24.0% decline in outstanding units compared to the week prior. Among the largest underlying components of KCE, in morning trading today State Street (STT) is up about 2.6%, and Morgan Stanley (MS) is up by about 2.8%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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