XOP, GASX: Big ETF Outflows
November 28, 2016 at 10:50 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 SPDR S&P Oil & Gas Exploration & Production ETF (XOP), where 13,000,000 units were destroyed, or a 22.3% decrease week over week. Among the largest underlying components of XOP, in morning trading today Western Refining (WNR) is off about 0.1%, and California Resources (CRC) is lower by about 4.2%.