SPYG, FEVR: 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 Portfolio S&P 500 Growth ETF, where 16,950,000 units were destroyed, or a 6.6% decrease week over week. Among the largest underlying components of SPYG, in morning trading today Apple is up about 0.1%, and Microsoft is lower by about 1.1%.
And on a percentage change basis, the ETF with the biggest outflow was the FEVR ETF, which lost 525,000 of its units, representing a 35.0% decline in outstanding units compared to the week prior.
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