The Communication Services Select Sector SPDR Fund (XLC) saw an estimated $358.7 million week-over-week outflow, equal to about 1.5% of shares outstanding. The move points to softer investor positioning in the ETF rather than a change in fundamentals. Impact is likely limited to flow sentiment and sector positioning.
The Communication Services Select Sector SPDR Fund (XLC) saw an estimated $358.7 million week-over-week outflow, equal to about 1.5% of shares outstanding. The move points to softer investor positioning in the ETF rather than a change in fundamentals. Impact is likely limited to flow sentiment and sector positioning.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
