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IVV, XPP: Big ETF Outflows

By: BNK Invest
Posted: 7/3/2014 12:18:00 PM
Referenced Stocks: IVV;AAPL;MSFT;XPP

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Core S&P 500 ETF ( IVV ), where 7,250,000 units were destroyed, or a 2.5% decrease week over week. Among the largest underlying components of IVV, in morning trading today Apple ( AAPL ) is off about 0.1%, and Microsoft ( MSFT ) is lower by about 0.5%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra FTSE China 25 ( XPP ), which lost 250,000 of its units, representing a 27.8% decline in outstanding units compared to the week prior.

IVV, XPP: Big ETF Outflows VIDEO: IVV, XPP: Big ETF Outflows