XLF, EDZ: 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 Financial Select Sector SPDR Fund (XLF), where 22,800,000 units were destroyed, or a 2.7% decrease week over week.  Among the largest underlying components of XLF, in morning trading today Wells Fargo & Company (WFC) is up about 0.6%, and JP Morgan Chase & Company (JPM) is up by about 0.1%.