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SPY, DUST: Big ETF Outflows
Wednesday, February 14, 11:18 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 (NYSE:SPY), where 62,450,000 units were destroyed, or a 5.8% 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 (NASDAQ:MSFT) is higher by about 0.4%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily Gold Miners Index Bear 3X Shares (NYSE:DUST), which lost 5,650,000 of its units, representing a 33.6% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase.

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