Investor Alert

Sept. 23, 2019, 10:52 a.m. EDT

XOP, XRT: Big ETF Outflows

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Sep 23, 2019 (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 SPDR S&P Oil & Gas Exploration & Production ETF (XOP), where 11,200,000 units were destroyed, or a 13.6% decrease week over week. Among the largest underlying components of XOP, in morning trading today Hollyfrontier (HFC) is down about 0.9%, and Noble Energy (NBL) is lower by about 0.3%.

And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Retail ETF (XRT), which lost 2,850,000 of its units, representing a 29.7% decline in outstanding units compared to the week prior. Among the largest underlying components of XRT, in morning trading today Stamps.com (STMP) is down about 0.6%, and Carvana (CVNA) is lower by about 1.7%.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=20190920190923etfflowsXOPX&mv=1 .


Copyright 2019 MarketNewsVideo.com

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