SPY, LABU: Big ETF Outflows
September 05, 2017 at 11:39 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 19,750,000 units were destroyed, or a 2.0% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is down about 0.1%, and Microsoft (MSFT) is lower by about 0.4%.