SPY, KOMP: Big ETF Outflows

Shutterstock photo

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 Trust ( SPY ), where 34,200,000 units were destroyed, or a 3.7% decrease week over week. Among the largest underlying components of SPY, in morning trading today Microsoft Corporation ( MSFT ) is off about 1.6%, and Apple ( AAPL ) is lower by about 1.6%.

And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Kensho New Economies Composite ETF ( KOMP ), which lost 660,000 of its units, representing a 35.9% decline in outstanding units compared to the week prior. Among the largest underlying components of KOMP, in morning trading today L3harris Technologies ( LHX ) is off about 0.8%, and Raytheon Company (RTN) is lower by about 1.1%.

SPY, KOMP: Big ETF OutflowsVIDEO: SPY, KOMP: 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 , Stocks , ETFs
Referenced Symbols: SPY , MSFT , AAPL , KOMP , LHX

More from BNK Invest


BNK Invest

BNK Invest

Market News, Investing

Research Brokers before you trade

Want to trade FX?