updated Friday, May 10, 10:47 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 20,650,000 units were destroyed, or a 9.8% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil (XOM) is off about 0.6%, and Chevron (CVX) is lower by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Technology Hardware ETF (XTH), which lost 40,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior. Among the largest underlying components of XTH, in morning trading today Dell Technologies (DELL) is down about 0.6%, and Rogers Corporation (ROG) is lower by about 0.7%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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