XLF, GASX: Big ETF Outflows
January 15, 2014 at 12:16 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 Financial Select Sector SPDR Fund (XLF), where 6.8 million units were destroyed, or a 0.9% decrease week over week. Among the largest underlying components of XLF, in morning trading today JP Morgan (JPM) is up about 1.8%, and Wells Fargo (WFC) is higher by about 2%.