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SPY, FNK: Big ETF Outflows

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 78,300,000 units were destroyed, or a 8.7% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple ( AAPL ) is up about 1.1%, and Exxon Mobil ( XOM ) is lower by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the First Trust Mid Cap Value AlphaDEX Fund ( FNK ), which lost 1,050,000 of its units, representing a 31.3% decline in outstanding units compared to the week prior. Among the largest underlying components of FNK, in morning trading today Urs Corporation ( URS ) is up about 0.8%, and Cliffs Natural Resources (CLF) is higher by about 3.7%.

VIDEO: SPY, FNK: 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.


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

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