XLE, KORU: Big ETF Outflows
October 28, 2019 at 10:51 AM EDT
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Energy Select Sector SPDR Fund (XLE), where 10,450,000 units were destroyed, or a 5.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily MSCI South Korea Bull 3X Shares (KORU), which lost 600,000 of its units, representing a 29.3% decline in outstanding units compared to the week prior.