SPY, SIJ: Big ETF Outflows

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, where 25,400,000 units were destroyed, or a 2.6% decrease week over week. Among the largest underlying components of SPY, in morning trading today Microsoft is up about 1.3%, and Apple is higher by about 0.9%.