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SPY, SCJ: Big ETF Outflows
Monday, January 23, 11:08 AM ET

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 16,200,000 units were destroyed, or a 1.6% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (NASDAQ:AAPL) is up about 0.3%, and Microsoft Corporation (NASDAQ:MSFT) is higher by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Japan Small-Cap ETF (AMEX:SCJ), which lost 400,000 of its units, representing a 16.0% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase.

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