XOP, ULE: 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 4,350,000 units were destroyed, or a 7.0% decrease week over week. Among the largest underlying components of XOP, in morning trading today Rice Energy (RICE) is down about 0.6%, and Cabot Oil & Gas (COG) is lower by about 1.1%.