Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Technology Select Sector SPDR Fund ( XLK ), where 9,650,000 units were destroyed, or a 3.3% decrease week over week. Among the largest underlying components of XLK, in morning trading today Microsoft Corporation ( MSFT ) is down about 1.1%, and Apple ( AAPL ) is lower by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the JPEU ETF ( JPEU ), which lost 400,000 of its units, representing a 40.0% 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
