OIH, SCO: 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 Oil Services ETF (OIH), where 2,800,000 units were destroyed, or a 6.9% decrease week over week. Among the largest underlying components of OIH, in morning trading today Schlumberger (SLB) is up about 0.8%, and Halliburton (HAL) is up by about 0.9%.