SPY, KOLD: Big ETF Outflows

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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P 500 ETF ( SPY ), where 25,850,000 units were destroyed, or a 2.7% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple ( AAPL ) is down about 0.9%, and Microsoft ( MSFT ) is lower by about 0.4%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Bloomberg Natural Gas ( KOLD ), which lost 50,000 of its units, representing a 22.2% decline in outstanding units compared to the week prior.

SPY, KOLD: Big ETF Outflows VIDEO: SPY, KOLD: Big ETF Outflows

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas
Referenced Symbols: SPY , AAPL , MSFT , KOLD

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