SPY, SDAG: 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 21,450,000 units were destroyed, or a 2.3% decrease week over week. Among the largest underlying components of SPY, in morning trading today Microsoft ( MSFT ) is up about 1.4%, and Apple ( AAPL ) is higher by about 0.8%.

And on a percentage change basis, the ETF with the biggest outflow was the SDAG ETF ( SDAG ), which lost 100,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.

SPY, SDAG: Big ETF Outflows VIDEO: SPY, SDAG: 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 , MSFT , AAPL , SDAG

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