ETF Channel Staff - Friday, September 23, 10:50 AM
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 Financial Select Sector SPDR Fund, where 57,100,000 units were destroyed, or a 5.9% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway is down about 1.2%, and JP Morgan Chase is lower by about 2.5%.
And on a percentage change basis, the ETF with the biggest outflow was the ROAM ETF, which lost 800,000 of its units, representing a 36.4% decline in outstanding units compared to the week prior.
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