News Column

XLF, SCC: Big ETF Outflows

August 4, 2014

MarketNewsVideo.com



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 22,500,000 units were destroyed, or a 2.8% decrease week over week. Among the largest underlying components of XLF, in morning trading today Wells Fargo & Company (WFC) is up about 1%, and Berkshire Hathaway Class B (BRK.B) is up by about 1.4%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraShort Consumer Services (SCC), which lost 150,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201408Outflows080414&mv=1.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: MarketNewsVideo.com


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters