XOP, FNY: 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 SPDR S&P Oil & Gas Exploration & Production ETF (XOP), where 4,950,000 units were destroyed, or a 7.8% decrease week over week. Among the largest underlying components of XOP, in morning trading today SM Energy Company (SM) is off about 2%, and Southwestern Energy Company (SWN) is lower by about 0.1%.