SPY, COBO: Big ETF Outflows

Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the SPDR S&P 500 ETF (SPY), which shed 35,450,000 shares, or a 4.0% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares USD Covered Bond (COBO), which lost 65,000 of its shares, for a whopping 50.0% decline in outstanding shares.