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 (NYSE:XLF), where 35.4 million units were destroyed, or a 4.5% decrease week over week. Among the largest underlying components of XLF, in morning trading today Wells Fargo (NYSE:WFC) is down about 1.1%, and JP Morgan (NYSE:JPM) is lower by about 1.2%.
And on a percentage change basis, the ETF with the biggest outflow was the Oil Services ETF (NYSE:OIH), which lost 8.25 million of its units, representing a 25.1% decline in outstanding units compared to the week prior. Among the largest underlying components of OIH, in morning trading today Schlumberger (NYSE:SLB) is off about 1.5%, and Halliburton (NYSE:HAL) is lower by about 0.9%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.