XOP, COPX: 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 4,050,000 units were destroyed, or a 5.9% decrease week over week. Among the largest underlying components of XOP, in morning trading today Rice Energy is up about 1%, and Hollyfrontier is lower by about 0.3%.
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