XOP, SZK: 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 4,800,000 units were destroyed, or a 9.3% decrease week over week. Among the largest underlying components of XOP, in morning trading today Western Refining (WNR) is down about 2.7%, and Oasis Petroleum (OAS) is lower by about 4%.