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, where 39,000,000 units were destroyed, or a 3.7% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple is up about 1%, and Microsoft is up by about 1.1%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Value Line 100 Exchange-Traded Fund, which lost 1,000,000 of its units, representing a 30.4% decline in outstanding units compared to the week prior. Among the largest underlying components of FVL, in morning trading today Churchill Downs is up about 0.2%, and Pultegroup is higher by about 0.8%.
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