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XHB, EIS: Big ETF Outflows
Tuesday, March 11, 1:42 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 SPDR S&P Homebuilders ETF (AMEX:XHB), where 2,700,000 units were destroyed, or a 4.0% decrease week over week. Among the largest underlying components of XHB, in morning trading today USG Corporation (NYSE:USG) is up about 0.8%, and DR Horton (NYSE:DHI) is up by about 0.9%.

And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Israel Capped ETF (AMEX:EIS), which lost 650,000 of its units, representing a 25.5% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase.

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