XLG, USE: 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 Invesco S&P 500 Top 50 ETF, where 13,620,000 units were destroyed, or a 7.0% decrease week over week. Among the largest underlying components of XLG, in morning trading today Nvidia is down about 0.8%, and Apple is higher by about 0.5%.
And on a percentage change basis, the ETF with the biggest outflow was the USCF Energy Commodity Strategy Absolute Return Fund, which lost 50,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.

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