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XOP, VSMV: 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, where 7,600,000 units were destroyed, or a 9.0% decrease week over week. Among the largest underlying components of XOP, in morning trading today Cabot Oil & Gas is up about 1.2%, and Chevron is up by about 1.4%.
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