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, where 10,050,000 units were destroyed, or a 1.1% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple is up about 0.6%, and Microsoft is up by about 1.4%.
And on a percentage change basis, the ETF with the biggest outflow was the KDFI ETF, which lost 900,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
