XLU, MYY: Big ETF Outflows
updated Thursday, April 25, 10:46 AM
« Backupdated Thursday, April 25, 10:46 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 7,800,000 units were destroyed, or a 4.8% 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 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Short MidCap400 (MYY), which lost 125,000 of its units, representing a 29.9% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase.
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