Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Industrial Select Sector SPDR Fund (AMEX:XLI), where 10,100,000 units were destroyed, or a 5.6% decrease week over week. Among the largest underlying components of XLI, in morning trading today General Electric (NYSE:GE) is up about 0.7%, and Union Pacific (NYSE:UNP) is up by about 0.5%.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Oil & Gas Exploration & Production ETF (AMEX:XOP), which lost 3,150,000 of its units, representing a 18.9% decline in outstanding units compared to the week prior. Among the largest underlying components of XOP, in morning trading today Green Plains (NASDAQ:GPRE) is up about 1.7%, and Emerald Oil (AMEX:EOX) is higher by about 0.1%.
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