COMT, OBOR: Big ETF Outflows
December 10, 2019 at 10:51 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 iShares Commodities Select Strategy ETF (COMT), where 6,300,000 units were destroyed, or a 38.9% decrease week over week. Among the largest underlying components of COMT, in morning trading today Exxon Mobil (XOM) is off about 0.1%, and Chevron (CVX) is higher by about 0.5%.