XLE, SVXY: Big ETF Outflows
updated Monday, January 30, 10:48 AM
« Backupdated Monday, January 30, 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 Energy Select Sector SPDR Fund (XLE), where 1,750,000 units were destroyed, or a 0.7% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil (XOM) is down about 0.6%, and Chevron (CVX) is lower by about 1.5%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Short VIX Short-Term Futures ETF (SVXY), which lost 1,200,000 of its units, representing a 35.3% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase.
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