XOP, GURX: 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 (XOP), where 7,250,000 units were destroyed, or a 21.6% decrease week over week. Among the largest underlying components of XOP, in morning trading today Clean Energy Fuels (CLNE) is down about 3.2%, and EP Energy (EPE) is lower by about 1.8%.