XLB, NFXS: Big ETF Outflows
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Materials Select Sector SPDR Fund, where 6,450,000 units were destroyed, or a 10.3% decrease week over week. Among the largest underlying components of XLB, in morning trading today Linde is up about 1.6%, and Sherwin-williams is up by about 1.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily NFLX Bear 1X Shares, which lost 100,000 of its units, representing a 36.4% decline in outstanding units compared to the week prior.
VIDEO: XLB, NFXS: Big ETF Outflows
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