XLK, UMDD: Big ETF Inflows
ETF Channel Staff - Thursday, October 17, 12:24 PMLooking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest inflow was seen in the Technology Select Sector SPDR Fund (XLK), which added 7,100,000 shares, or a 1.9% increase week over week. Among the largest underlying components of XLK, in morning trading today Apple (AAPL) is up about 0.5%, and Microsoft Corporation (MSFT) is up by about 0.8%.
And on a percentage change basis, the ETF with the largest increase in inflows was the Proshares UltraPro MidCap400 (UMDD), which added 100,000 shares, for a whopping 28.6% increase in outstanding shares. Among the largest underlying components of UMDD, in morning trading today 3D Systems Corporation (DDD) is up about 0.9%, and Aaron's (AAN) is lower by about 0.1%.