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XLP, UPV: Big ETF Outflows
Friday, August 10, 1:54 PM ET

Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the Consumer Staples Select Sector SPDR Fund (AMEX:XLP), which shed 6,400,000 shares, or a 3.6% decrease week over week. Among the largest underlying components of XLP, in morning trading today Coca Cola Company (NYSE:KO) is down about 0.3%, and Procter & Gamble Company (NYSE:PG) is lower by about 0.2%.

And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra MSCI Europe (AMEX:UPV), which lost 50,000 of its shares, for a whopping 25.0% decline in outstanding shares.

For MarketNewsVideo.com, I'm Sayoko Murase.

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