SPY, FNK: Big ETF Outflows
August 11, 2014 at 13:11 PM 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 78,300,000 units were destroyed, or a 8.7% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is up about 1.1%, and Exxon Mobil (XOM) is lower by about 0.1%.