Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the State Street Investment Management, where 10,400,000 units were destroyed, or a 0.9% decrease week over week. Among the largest underlying components of SPYM, in morning trading today Nvidia is down about 0.2%, and Apple is higher by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily Technology Top 5 Bull 2X ETF, which lost 50,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior. Among the largest underlying components of TTXU, in morning trading today Apple is up about 0.1%, and Broadcom is up by about 2%.
VIDEO: SPYM, TTXU: Big ETF Outflows
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