Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in The Energy Select Sector SPDR Fund (NYSE:XLE), where 16,000,000 units were destroyed, or a 8.4% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil (NYSE:XOM) is up about 0.8%, and Chevron Corporation (NYSE:CVX) is higher by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco DWA Consumer Cyclicals Momentum ETF (NASDAQ:PEZ), which lost 300,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of PEZ, in morning trading today O'Reilly Automotive (NASDAQ:ORLY) is up about 1.5%, and Nike (NYSE:NKE) is up by about 0.3%.
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