OIH, JPNL: Big ETF Outflows
January 27, 2015 at 13:14 PM 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 Oil Services ETF (OIH), where 1,500,000 units were destroyed, or a 4.8% decrease week over week. Among the largest underlying components of OIH, in morning trading today Schlumberger (SLB) is down about 0.2%, and Halliburton Company (HAL) is lower by about 0.7%.