XLP, UST: Big ETF Outflows
October 23, 2019 at 10:59 AM EDT
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 Consumer Staples Select Sector SPDR Fund (XLP), where 3,550,000 units were destroyed, or a 1.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra 7-10 Year Treasury (UST), which lost 275,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.