XOP, EFFE: 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 4,100,000 units were destroyed, or a 6.9% decrease week over week. Among the largest underlying components of XOP, in morning trading today Chesapeake Energy is up about 0.7%, and Callon Petroleum is lower by about 0.7%.