Jul 27, 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 Utilities Select Sector SPDR Fund, where 11,900,000 units were destroyed, or a 5.9% decrease week over week. Among the largest underlying components of XLU, in morning trading today Nextera Energy is off about 0.9%, and Dominion Energy is lower by about 0.5%.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco S&P SmallCap Consumer Discretionary ETF, which lost 150,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of PSCD, in morning trading today Wingstop is off about 0.8%, and Lithia Motors is lower by about 3%.
The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=20200720200727etfflowsXLUP&mv=1 .
Is there a problem with this press release? Contact the source provider Comtex at firstname.lastname@example.org. You can also contact MarketWatch Customer Service via our Customer Center.
Copyright 2020 MarketNewsVideo.com