XLP, OVL: Big ETF Outflows
February 01, 2023 at 10:48 AM EST
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Consumer Staples Select Sector SPDR Fund, where 5,500,000 units were destroyed, or a 2.3% decrease week over week. Among the largest underlying components of XLP, in morning trading today Procter & Gamble is off about 0.4%, and Coca-cola is lower by about 0.7%.