Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Materials Select Sector SPDR Fund (NYSE:XLB), where 7,650,000 units were destroyed, or a 6.9% decrease week over week. Among the largest underlying components of XLB, in morning trading today Monsanto (NYSE:MON) is down about 0.5%, and Dow Chemical Company (DOW) is lower by about 0.9%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra Industrials (NYSE:UXI), 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 UXI, in morning trading today 3M Company (NYSE:MMM) is off about 0.3%, and ABM Industries (NYSE:ABM) is lower by about 1.7%.
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