SPY, FTSM: Big ETF Outflows
July 24, 2015 at 10:48 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 21,100,000 units were destroyed, or a 2.4% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is trading flat, and Microsoft (MSFT) is lower by about 0.5%.