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 S&P 500 ETF (AMEX:SPY), where 78,300,000 units were destroyed, or a 8.7% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (NASDAQ:AAPL) is up about 1.1%, and Exxon Mobil (NYSE:XOM) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Mid Cap Value AlphaDEX Fund (AMEX:FNK), which lost 1,050,000 of its units, representing a 31.3% decline in outstanding units compared to the week prior. Among the largest underlying components of FNK, in morning trading today Urs Corporation (URS) is up about 0.8%, and Cliffs Natural Resources (NYSE:CLF) is higher by about 3.7%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.