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XLK, UCC: Big ETF Outflows
Friday, February 28, 1:08 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 Technology Select Sector SPDR Fund (AMEX:XLK), where 56.3 million units were destroyed, or a 14.4% decrease week over week. Among the largest underlying components of XLK, in morning trading today Apple (NASDAQ:AAPL) is up about 0.6%, and Google (NASDAQ:GOOG) is up by about 0.3%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra Consumer Services ETF (AMEX:UCC), which lost 75,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. Among the largest underlying components of UCC, in morning trading today Aaron's (NYSE:AAN) is off about 0.1%, and Abercrombie & Fitch (NYSE:ANF) is up by about 1%.

For MarketNewsVideo.com, I'm Tracey Fitzpatrick.

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