Significant Outflows from XLF and SOUX ETFs

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The Financial Select Sector SPDR Fund (XLF) experienced the largest outflow among ETFs covered at ETF Channel, with 8.7 million units removed, marking a 0.9% decrease week-over-week. Key components, Berkshire Hathaway and JP Morgan Chase, saw minimal movement, with Berkshire up 0.9% and JP Morgan down 0.1% as of morning trading today.

On a percentage basis, the Defiance Daily Target 2X Long SOUN ETF faced the most significant outflow, losing 170,000 units, which corresponds to a 37.8% decline in outstanding units compared to the previous week.

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