XLB, RXD: Big ETF Outflows
February 03, 2016 at 10:48 AM EST
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 4,350,000 units were destroyed, or a 8.7% decrease week over week. Among the largest underlying components of XLB, in morning trading today Dow Chemical Company (DOW) is up about 2.2%, and DuPont (DD) is up by about 1.6%.