SPY, RISE: Big ETF Outflows
ETF Channel Staff - Friday, October 2, 10:51 AM
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 Trust, where 26,100,000 units were destroyed, or a 2.9% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple is down about 1.4%, and Microsoft is lower by about 0.9%.
And on a percentage change basis, the ETF with the biggest outflow was the RISE ETF, which lost 100,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.
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