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XLU, SSG: Big ETF Outflows
Tuesday, May 7, 11:47 AM 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 Utilities Select Sector SPDR Fund (AMEX:XLU), which shed 3.3 million shares, or a 2.1% decrease week over week. Among the largest underlying components of XLU, in morning trading today Duke Energy (NYSE:DUK) is up about 0.5%, and Southern Company (NYSE:SO) is higher by about 0.4%.

And on a percentage change basis, the ETF with the largest outflow was the Proshares UltraShort Semiconductors (AMEX:SSG), which lost 225,000 of its shares, for a whopping 40.5% decline in outstanding shares.

For MarketNewsVideo.com, I'm Sayoko Murase

XLU, SSG: Big ETF Outflows picture
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