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 Portfolio S&P 500 ETF, where 7,000,000 units were destroyed, or a 1.0% decrease week over week. Among the largest underlying components of SPLG, in morning trading today Microsoft is up about 0.4%, and Apple is lower by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the SCLZ ETF, which lost 25,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
VIDEO: SPLG, SCLZ: Big ETF Outflows
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