XLK, UVXY: Big ETF Outflows
October 17, 2018 at 11:03 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 Technology Select Sector SPDR Fund (XLK), where 7,000,000 units were destroyed, or a 2.4% decrease week over week. Among the largest underlying components of XLK, in morning trading today Apple (AAPL) is off about 0.6%, and Microsoft (MSFT) is lower by about 0.9%.