Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Technology Select Sector SPDR Fund (NYSE:XLK), where 50,800,000 units were destroyed, or a 14.2% decrease week over week. Among the largest underlying components of XLK, in morning trading today Apple (NASDAQ:AAPL) is up about 1.4%, and Microsoft (NASDAQ:MSFT) is higher by about 0.8%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro Short Financial Select Sector (NYSE:FINZ), which lost 50,000 of its units, representing a 25.8% decline in outstanding units compared to the week prior.
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