XLB, UXI: Big ETF Outflows
July 07, 2014 at 12:27 PM EDT
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 (XLB), where 7,650,000 units were destroyed, or a 6.9% decrease week over week. Among the largest underlying components of XLB, in morning trading today Monsanto (MON) is down about 0.5%, and Dow Chemical Company (DOW) is lower by about 0.9%.