SPY, TNA: Big ETF Outflows
ETF Channel Staff - Thursday, February 21, 12:06 PMTurning 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 5,100,000 shares, or a 0.6% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple Incorporated (AAPL) is off about 0.3%, and Exxon Mobil Corporation (XOM) is relatively unchanged.
And on a percentage change basis, the ETF with the largest outflow was the Daily Small Cap Bull 3x Shares (TNA), which lost 1,400,000 of its shares, for a whopping 19.6% decline in outstanding shares. Among the largest underlying components of TNA, in morning trading today Ishares Russell 2000 Index (IWM) is off about 0.2%.