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 9,650,000 units were destroyed, or a 3.3% decrease week over week. Among the largest underlying components of XLK, in morning trading today Microsoft Corporation (NASDAQ:MSFT) is down about 1.1%, and Apple (NASDAQ:AAPL) is lower by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the JPEU ETF (NYSE:JPEU), which lost 400,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.
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