XOP, DRIP: 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 4,750,000 units were destroyed, or a 8.9% decrease week over week. Among the largest underlying components of XOP, in morning trading today Chesapeake Energy is up about 1.4%, and Rice Energy is lower by about 0.1%.
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