XOP, XRT: Big ETF Outflows
September 23, 2019 at 10:50 AM 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 SPDR S&P Oil & Gas Exploration & Production ETF (XOP), where 11,200,000 units were destroyed, or a 13.6% decrease week over week. Among the largest underlying components of XOP, in morning trading today Hollyfrontier (HFC) is down about 0.9%, and Noble Energy (NBL) is lower by about 0.3%.