SPY, IBMJ: Big ETF Outflows
ETF Channel Staff - Tuesday, May 24, 10:53 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 13,050,000 units were destroyed, or a 1.5% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is up about 0.9%, and Microsoft (MSFT) is up by about 2%.
And on a percentage change basis, the ETF with the biggest outflow was the iBondsĀ® Dec 2021 Term Muni Bond ETF (IBMJ), which lost 600,000 of its units, representing a 30.8% decline in outstanding units compared to the week prior.