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 25,400,000 units were destroyed, or a 2.6% decrease week over week. Among the largest underlying components of SPY, in morning trading today Microsoft is up about 1.3%, and Apple is higher by about 0.9%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Industrials, which lost 50,000 of its units, representing a 23.7% decline in outstanding units compared to the week prior.
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