Big Weekly Outflows From QQQ, HEDJ, XOP, USO

Though U.S.-listed ETFs saw a modest net inflow for the week ending Thursday, April 21, a number of big-name funds saw outflows.

ETF.com
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Reviewed by: etf.com Staff
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Edited by: etf.com Staff

Inflows into U.S.-listed ETFs were only modest this week, as the rally in stocks stalled with the S&P 500 around the 2,100 mark. In the week ending Thursday, April 21, total inflows were $1.1 billion.

Outflows of $913 million from U.S. equity ETFs were offset by inflows of $369 million into international equity ETFs and inflows of $1.4 billion into U.S. fixed-income ETFs.

VOO Tops Inflows

Amidst the lackluster interest in ETFs this week, not a single product registered an inflow greater than $400 million. The Vanguard S&P 500 (VOO | A-98) gained $365 million, while the iPath S&P 500 VIX Short-Term Futures ETN (VXX | B-47) added $317 million.

Also in favor were the iShares MSCI USA Minimum Volatility ETF (USMV | A-73), with inflows of $262 million, and the iShares U.S. Preferred Stock ETF (PFF | B), with inflows of $231 million.

SPY & QQQ Top Outflows

On the outflows side, the SPDR S&P 500 ETF (SPY | A-98) was the biggest loser, with $1.4 billion coming out of the fund. That was closely followed by $1.2 billion in outflows for the PowerShares QQQ (QQQ | A-65).

Other notable names on the outflows list included the WisdomTree Europe Hedged Equity ETF (HEDJ | B-47), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP | A-66) and the United States Oil Fund (USO | B-100).

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VOOVanguard S&P 500364.7044,858.040.82%
VXXiPath S&P 500 VIX Short-Term Futures ETN317.331,509.0826.63%
XLIIndustrial Select SPDR311.927,154.394.56%
AGGiShares Core U.S. Aggregate Bond287.9935,216.380.82%
IWBiShares Russell 1000273.5715,302.681.82%
USMViShares MSCI USA Minimum Volatility261.6012,309.222.17%
IEMGiShares Core MSCI Emerging Markets255.1310,899.702.40%
PFFiShares U.S. Preferred Stock230.8614,901.001.57%
VEAVanguard FTSE Developed Markets224.4632,436.620.70%
LQDiShares iBoxx $ Investment Grade Corporate Bond214.2228,386.140.76%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500-1,382.84187,808.06-0.73%
QQQPowerShares QQQ-1,184.7637,967.95-3.03%
IWMiShares Russell 2000-414.2225,917.04-1.57%
XLUUtilities Select SPDR-299.557,825.59-3.69%
EWJiShares MSCI Japan-255.2417,038.39-1.48%
HEDJWisdomTree Europe Hedged Equity-237.7813,746.49-1.70%
VXFVanguard Extended Market-202.173,935.51-4.89%
IYRiShares U.S. Real Estate-198.224,129.40-4.58%
XOPSPDR S&P Oil & Gas Exploration & Production-189.011,897.62-9.06%
USOUnited States Oil-183.503,591.88-4.86%

ETF Weekly Flows By Asset Class

Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-912.701,222,658.99-0.07%
International Equity368.58488,459.270.08%
U.S. Fixed Income1,394.89368,834.700.38%
International Fixed Income111.0431,803.320.35%
Commodities-174.3561,037.09-0.29%
Currency-39.921,305.63-3.06%
Leveraged-398.4524,257.12-1.64%
Inverse416.4319,684.002.12%
Asset Allocation12.725,689.270.22%
Alternatives339.253,804.178.92%
Total:1,117.482,227,533.560.05%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
FDTFirst Trust Developed Markets Ex-U.S. AlphaDex68,908320,497465.11%
PSCIPowerShares S&P SmallCap Industrials7,26526,665367.05%
SSTSPDR Barclays Short Term Treasury55,707184,431331.07%
QDFFlexShares Quality Dividend136,329428,748314.50%
FMATFidelity MSCI Materials44,484117,740264.68%
PXEPowerShares Dynamic Energy Exploration & Production21,21051,644243.49%
USLBPowerShares Russell 1000 Low Beta Equal Weight 10,62720,396191.92%
LRGFiShares FactorSelect MSCI USA 25,34454,219213.93%
IDLBPowerShares FTSE International Low Beta Equal Weight10,97120,770189.32%
IQDEFlexShares International Quality Dividend Defensive11,47527,734241.69%

Disclaimer: All data is from FactSet, as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.

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