Sizeable Departures in XLF ETF

Amidst the vast universe of Exchange-Traded Funds (ETFs) scrutinized at ETF Channel, a notable outflow was observed in The Financial Select Sector SPDR Fund. A staggering 36,600,000 units were obliterated, translating to a substantial 3.7% reduction over the previous week. As the market woke up today, we saw Berkshire Hathaway up by a modest 0.1%, whereas JP Morgan Chase lagged behind with a 0.7% decrease.

Significant Downturn in XHYI ETF

Delving into percentage shifts, the XHYI ETF emerged as the most impacted, witnessing a reduction of 600,000 units. This accounted for a substantial 23.1% decline in outstanding units compared to the preceding week.

VIDEO: XLF, XHYI: Big ETF Outflows