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SPY, IST: Big ETF Outflows

Shutterstock photo
Shutterstock photo

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 ( SPY ), where 14,100,000 units were destroyed, or a 1.4% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple ( AAPL ) is off about 0.8%, and Microsoft Corporation ( MSFT ) is lower by about 0.8%.

And on a percentage change basis, the ETF with the biggest outflow was the (IST), which lost 500,000 of its units, representing a 31.2% decline in outstanding units compared to the week prior. Among the largest underlying components of IST, in morning trading today Rogers (RCI.A.CA) is up about 0.8%, and BCE ( BCE ) is lower by about 0.4%.

VIDEO: SPY, IST: 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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