XHB, RUSS: Big ETF Outflows

Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the SPDR S&P Homebuilders ETF (XHB), which shed 2.8 million shares, or a 3.8% decrease week over week. Among the largest underlying components of XHB, in morning trading today Mohawk Industries (MHK) is off about 1.4%, and Lennox International (LII) is lower by about 0.7%.