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XLY, RUSL: Big ETF Outflows
Tuesday, May 13, 12:42 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 Consumer Discretionary Select Sector SPDR Fund (AMEX:XLY), where 2.6 million units were destroyed, or a 3.4% decrease week over week. Among the largest underlying components of XLY, in morning trading today Comcast (NASDAQ:CMCSA) is off about 0.3%, and Disney (NYSE:DIS) is lower by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily Russia Bull 3x Shares ETF (AMEX:RUSL), which lost 1.45 million of its units, representing a 24.4% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase

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