IYE, GDJJ: Big ETF Outflows
June 04, 2015 at 10:51 AM EDT
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares US Energy ETF (IYE), where 11,150,000 units were destroyed, or a 24.2% decrease week over week. Among the largest underlying components of IYE, in morning trading today Exxon Mobil Corporation (XOM) is off about 0.6%, and Chevron Corporation (CVX) is lower by about 0.3%.