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SPY, LABU: Big ETF Outflows

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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 19,750,000 units were destroyed, or a 2.0% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple ( AAPL ) is down about 0.1%, and Microsoft ( MSFT ) is lower by about 0.4%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Biotech Bull 3X Shares ( LABU ), which lost 3,500,000 of its units, representing a 39.9% decline in outstanding units compared to the week prior.

VIDEO: SPY, LABU: 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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