Forbes - Markets
SPY, MMTM: 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 (SPY), where 43,400,000 units were destroyed, or a 5.0% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is up about 1.8%, and Microsoft Corporation (MSFT) is lower by about 1.1%.
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