SPY, LRND: Big ETF Outflows
July 11, 2024 at 10:48 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 SPDR S&P 500 ETF Trust, where 19,500,000 units were destroyed, or a 1.9% decrease week over week. Among the largest underlying components of SPY, in morning trading today Microsoft is down about 2%, and Apple is lower by about 1.5%.