XME, PXMV: 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 SP Metals Mining ETF ( XME ), where 10,649,770 units were destroyed, or a 32.6% decrease week over week. Among the largest underlying components of XME, in morning trading today Cliffs Natural Resources ( CLF ) is up about 0.1%, and Consol Energy ( CNX ) is higher by about 4%.

And on a percentage change basis, the ETF with the biggest outflow was the PowerShares Russell Midcap Pure Value Portfolio ( PXMV ), which lost 650,000 of its units, representing a 25.5% decline in outstanding units compared to the week prior. Among the largest underlying components of PXMV, in morning trading today Vistra Energy ( VST ) is off about 0.1%, and FirstEnergy (FE) is lower by about 0.2%.

XME, PXMV: Big ETF OutflowsVIDEO: XME, PXMV: Big ETF Outflows


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