XOP, KORU: Big ETF Outflows
November 05, 2019 at 13:23 PM EST
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 14,700,000 units were destroyed, or a 15.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily MSCI South Korea Bull 3X Shares (KORU), which lost 500,000 of its units, representing a 34.5% decline in outstanding units compared to the week prior.