May 21, 2020, 10:53 a.m. EDT

XLF, HYHG: Big ETF Outflows

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May 21, 2020 (MarketNewsVideo.com via COMTEX) --

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 13,600,000 units were destroyed, or a 1.8% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway is up about 0.2%, and JP Morgan Chase is lower by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares ProShares High Yield—Interest Rate Hedged, which lost 450,000 of its units, representing a 25.7% 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=20200520200521etfflowsXLFH&mv=1 .







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