SPY, SMIN: Big ETF Outflows
July 24, 2014 at 13:13 PM 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 (SPY), where 24 million units were destroyed, or a 2.7% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is off about 0.4%, and Exxon Mobil (XOM) is higher by about 0.4%.