SPY, SAGG: Big ETF Outflows
January 29, 2014 at 12:34 PM EST
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 54.5 million units were destroyed, or a 5.9% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is down about 1.1%, and Exxon Mobil (XOM) is lower by about 0.4%.