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 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 (AMEX: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%.
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