XLF, OILU: Big ETF Outflows

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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Financial Select Sector SPDR Fund ( XLF ), where 38,100,000 units were destroyed, or a 3.2% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway ( BRK.B ) is up about 1.5%, and JP Morgan Chase ( JPM ) is relatively unchanged.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares ProShares UltraPro 3x Crude Oil ETF ( OILU ), which lost 100,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.

XLF, OILU: Big ETF OutflowsVIDEO: XLF, OILU: Big ETF Outflows

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