XLE, GML: Big ETF Outflows
July 15, 2014 at 12:23 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 Energy Select Sector SPDR Fund (XLE), where 4,750,000 units were destroyed, or a 3.8% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil (XOM) is down about 0.3%, and Chevron (CVX) is lower by about 0.1%.