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 Energy Select Sector SPDR Fund, where 5,250,000 units were destroyed, or a 1.2% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil is up about 1.3%, and Chevron is higher by about 1%.
And on a percentage change basis, the ETF with the biggest outflow was the DIREXION DAILY GOLD MINERS INDEX BEAR 2X SHARES, which lost 3,550,000 of its units, representing a 32.7% decline in outstanding units compared to the week prior.
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