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 25,900,000 units were destroyed, or a 3.1% decrease week over week. Among the largest underlying components of XLF, in morning trading today Wells Fargo & Company (NYSE:WFC) is off about 0.2%, and JP Morgan Chase & Company (NYSE:JPM) is lower by about 0.7%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra VIX Short-Term Futures ETF (NYSE:UVXY), which lost 1,350,000 of its units, representing a 22.2% decline in outstanding units compared to the week prior.
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