Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Industrial Select Sector SPDR Fund (XLI), where 3,250,000 units were destroyed, or a 2.1% decrease week over week. Among the largest underlying components of XLI, in morning trading today Caterpillar (CAT) is off about 0.8%, and GE Aerospace (GE) is lower by about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the DECT ETF (DECT), which lost 475,000 of its units, representing a 27.9% decline in outstanding units compared to the week prior.
VIDEO: XLI, DECT: Big ETF Outflows
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