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SPY, MVV: Big ETF Outflows
Friday, April 13, 12:10 PM ET

Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the SPDR S&P 500 (AMEX:SPY), which shed 18,400,000 shares, or a 2.5% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple Incorporated (NASDAQ:AAPL) is off about 1.9%, and Exxon Mobil Corporation (NYSE:XOM) is lower by about 0.3%.

And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra MidCap400 (AMEX:MVV), which lost 1,650,000 of its shares, for a whopping 51.2% decline in outstanding shares. Among the largest underlying components of MVV, in morning trading today Aarons Incorporated (NYSE:AAN) is down about 1%, and Aci Worldwide Incorporated (NASDAQ:ACIW) is lower by about 0.4%.

For MarketNewsVideo.com, I'm Sayoko Murase.

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