XLC, PSMD: Big ETF Outflows
October 20, 2021 at 10:50 AM 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 The Communication Services Select Sector SPDR Fund, where 10,850,000 units were destroyed, or a 5.6% decrease week over week. Among the largest underlying components of XLC, in morning trading today Facebook is up about 0.4%, and Alphabet is lower by about 0.5%.