XHB, DZK: 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 Homebuilders ETF (XHB), where 4,150,000 units were destroyed, or a 7.9% decrease week over week. Among the largest underlying components of XHB, in morning trading today Lowes Companies (LOW) is off about 0.9%, and Home Depot (HD) is lower by about 0.2%.