SPY, IEIL: Big ETF Outflows
August 24, 2016 at 10:54 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, where 19,800,000 units were destroyed, or a 2.1% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple is off about 0.5%, and Microsoft is lower by about 0.1%.