IGE, CHII: 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 iShares North American Natural Resources ETF (IGE), where 20,250,000 units were destroyed, or a 32.8% decrease week over week. Among the largest underlying components of IGE, in morning trading today Chevron (CVX) is up about 1.9%, and Exxon Mobil (XOM) is up by about 1.7%.