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XLF, GASX: Big ETF Outflows
Wednesday, January 15, 12:16 PM ET

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Financial Select Sector SPDR Fund (AMEX:XLF), where 6.8 million units were destroyed, or a 0.9% decrease week over week. Among the largest underlying components of XLF, in morning trading today JP Morgan (NYSE:JPM) is up about 1.8%, and Wells Fargo (NYSE:WFC) is higher by about 2%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily Natural Gas Related Bear 3x ETF (AMEX:GASX), which lost 50,000 of its units, representing a 23.5% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase

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