SPDR S&P Oil & Gas ETF Sees Significant Outflows This Week

Investors Pull Nearly $143 Million from XOP

Looking at changes in shares outstanding for ETFs this week, the SPDR S&P Oil & Gas Exploration & Production ETF (Symbol: XOP) stands out with an outflow of approximately $142.5 million. This represents a 5.5% decrease week over week, dropping from 19,050,000 to 18,000,000 shares.

Among XOP’s largest holdings, CNX Resources Corp (Symbol: CNX) increased by about 0.2%, while Expand Energy Corp (Symbol: EXE) declined by approximately 1.5%, and EQT Corp (Symbol: EQT) fell by around 2.6%. For a comprehensive list of XOP’s holdings, please visit the XOP Holdings page »

Analyzing the chart, XOP’s 52-week range shows a low of $124.12 per share and a high of $162.49, with the most recent trade recorded at $134.09. Comparing the latest share price to the 200-day moving average can provide insights into market trends—learn more about the 200-day moving average ».

Exchange traded funds (ETFs) function similarly to stocks, but instead of “shares,” investors trade “units.” These units can be bought and sold while also being created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs experiencing significant inflows (new units created) or outflows (units destroyed). The creation of new units requires the purchase of underlying holdings, whereas the destruction of units necessitates selling those holdings. Consequently, large outflows can impact the individual components within ETFs as well.

Click here to uncover which 9 other ETFs have seen notable outflows »

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