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XOP, KORU: 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 ETF (XOP), where 14,700,000 units were destroyed, or a 15.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily MSCI South Korea Bull 3X Shares (KORU), which lost 500,000 of its units, representing a 34.5% decline in outstanding units compared to the week prior.
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