XLU, SFHY: Big ETF Outflows
January 14, 2019 at 10:55 AM EST
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Utilities Select Sector SPDR Fund (XLU), where 5,150,000 units were destroyed, or a 3.3% decrease week over week. Among the largest underlying components of XLU, in morning trading today Nextera Energy (NEE) is down about 2%, and Duke Energy Corporation Holding Company (DUK) is lower by about 1.4%.