SPY, SMDD: Big ETF Outflows
May 10, 2017 at 10:50 AM EDT
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 (SPY), where 33,100,000 units were destroyed, or a 3.3% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is off about 1.1%, and Microsoft (MSFT) is relatively unchanged.