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OIH, AGND: Big ETF Outflows
Wednesday, January 16, 10:46 AM ET

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 (NYSE:OIH), where 8,550,000 units were destroyed, or a 10.8% decrease week over week. Among the largest underlying components of OIH, in morning trading today Schlumberger (NYSE:SLB) is off about 0.3%, and Halliburton Company (NYSE:HAL) is up by about 0.6%.

And on a percentage change basis, the ETF with the biggest outflow was the WisdomTree Negative Duration U.S. Aggregate Bond Fund (NASDAQ:AGND), which lost 400,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase.

OIH, AGND: Big ETF Outflows picture
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