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 12,200,000 units were destroyed, or a 1.7% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway Class B (NYSE:BRK.B) is up about 0.7%, and Wells Fargo & Company (NYSE:WFC) is up by about 1.6%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra S&P Regional Banking (KRU), which lost 25,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of KRU, in morning trading today SVB Financial Group (NASDAQ:SIVB) is up about 4.6%, and First Republic Bank (NYSE:FRC) is higher by about 2%.
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