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
The author’s views and opinions laid out in this piece are unique to them and do not necessarily mirror the viewpoints of Nasdaq, Inc.
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