ETF Channel flagged an approximately $310.4 million outflow from the Communication Services Select Sector SPDR Fund (XLC), equivalent to about a 1.4% weekly decline in shares outstanding. The move suggests modest risk-off positioning toward the Communication Services sector via ETF flows, but it is unlikely to be market-wide.
ETF Channel flagged an approximately $310.4 million outflow from the Communication Services Select Sector SPDR Fund (XLC), equivalent to about a 1.4% weekly decline in shares outstanding. The move suggests modest risk-off positioning toward the Communication Services sector via ETF flows, but it is unlikely to be market-wide.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
Ticker Sentiment
