XOP, EZJ: Big ETF Outflows
July 22, 2014 at 12:27 PM 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 3,150,000 units were destroyed, or a 18.8% decrease week over week. Among the largest underlying components of XOP, in morning trading today Green Plains (GPRE) is up about 1.5%, and Kodiak Oil & Gas Corporation (KOG) is up by about 0.7%.