SPY, SCJ: Big ETF Outflows
ETF Channel Staff - Monday, January 23, 11:08 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 16,200,000 units were destroyed, or a 1.6% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is up about 0.3%, and Microsoft Corporation (MSFT) is higher by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Japan Small-Cap ETF (SCJ), which lost 400,000 of its units, representing a 16.0% decline in outstanding units compared to the week prior.