XOP, PZI: 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, where 6,550,000 units were destroyed, or a 9.9% decrease week over week. Among the largest underlying components of XOP, in morning trading today Chesapeake Energy is up about 1.1%, and Rice Energy is up by about 0.5%.