XLK, JPEU: Big ETF Outflows
December 28, 2018 at 10:50 AM 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 Technology Select Sector SPDR Fund (XLK), where 9,650,000 units were destroyed, or a 3.3% decrease week over week. Among the largest underlying components of XLK, in morning trading today Microsoft Corporation (MSFT) is down about 1.1%, and Apple (AAPL) is lower by about 0.6%.