Market Watch: Major ETF Outflows Impact Communication Services and HJUL

In a week marked by significant changes, the Communication Services Select Sector SPDR Fund (XLC) experienced the largest unit outflow. A total of 7,400,000 units were removed, resulting in a 3.5% decrease compared to the previous week. This decline raises questions about investor confidence in major players like Meta Platforms, which fell approximately 0.7%, while Alphabet saw a modest rise of about 0.5% during morning trading.

On a percentage basis, the ETF with the most substantial loss was the HJUL ETF, shedding 25,000 units. This represents a steep decline of 33.3% in outstanding units from the week prior, highlighting a notable shift in market sentiment.

WATCH: Big ETF Outflows Impacting XLC and HJUL

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