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 Communication Services Select Sector SPDR Fund, where 8,650,000 units were destroyed, or a 4.9% decrease week over week. Among the largest underlying components of XLC, in morning trading today Meta Platforms is off about 0.7%, and Alphabet is higher by about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the WisdomTree Europe Hedged SmallCap Equity Fund, which lost 550,000 of its units, representing a 35.5% decline in outstanding units compared to the week prior.
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