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 24,000,000 units were destroyed, or a 5.3% decrease week over week. Among the largest underlying components of SPYG, in morning trading today Nvidia is off about 1.7%, and Microsoft is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the MFUL ETF, which lost 225,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior.
VIDEO: SPYG, MFUL: 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.
