News Details

Significant Capital Withdrawal from SPDR S&P Oil & Gas ETF (XOP) Causes $73.2M Drop"

AinvestMonday, Jul 22, 2024 10:53 am ET

1min read

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has experienced a $73.2 million outflow, a 2.1% drop from 23,750,000 shares to 23,250,000 shares. The decrease is driven by declines in Matador Resources Co (MTDR), APA Corp (APA), and Diamondback Energy, Inc. (FANG). The ETF's 52-week range is $126.59 to $162.49, with a last trade at $145.73.

View Source

Comments

Post

Monkiyness

07/22

Oil and gas sector facing significant capital outflow as investors shift towards renewable energy sources.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.

You Can Understand News Better with AI.

Whats the News impact on stock market?

Its impact is

AInvest

Aime Coplilot

Invest Smarter With AI Power.

Open App