XOP, GUR: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P Oil & Gas Exploration & Production ETF, where 6,500,000 units were destroyed, or a 11.1% decrease week over week. Among the largest underlying components of XOP, in morning trading today SM Energy is off about 0.5%, and Southwestern Energy is lower by about 1.5%.