Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Materials Select Sector SPDR Fund, where 8,400,000 units were destroyed, or a 11.7% decrease week over week. Among the largest underlying components of XLB, in morning trading today Linde is up about 0.5%, and Dowdupont is lower by about 1%.
And on a percentage change basis, the ETF with the biggest outflow was the IG ETF, which lost 2,150,000 of its units, representing a 23.1% decline in outstanding units compared to the week prior.
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