XLK, KOLD: Big ETF Outflows
August 22, 2019 at 10:47 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 The Technology Select Sector SPDR Fund (XLK), where 5,600,000 units were destroyed, or a 2.0% decrease week over week. Among the largest underlying components of XLK, in morning trading today Microsoft (MSFT) is down about 0.7%, and Apple (AAPL) is higher by about 0.1%.