SPY, UCD: Big ETF Outflows
ETF Channel Staff - Monday, May 4, 10:50 AMLooking 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 26,550,000 units were destroyed, or a 3.1% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is up about 0.8%, and Microsoft (MSFT) is relatively unchanged.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Bloomberg Commodity (UCD), which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.