IYE, IYJ: Big ETF Outflows
February 14, 2014 at 12:34 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 iShares US Energy ETF (IYE), where 13.3 million units were destroyed, or a 34.5% decrease week over week. Among the largest underlying components of IYE, in morning trading today Exxon Mobil (XOM) is up about 1.9%, and Chevron (CVX) is higher by about 0.2%.