SPY, CHIM: Big ETF Outflows
ETF Channel Staff - Wednesday, June 21, 10:48 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 7,100,000 units were destroyed, or a 0.7% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is up about 0.1%, and Microsoft (MSFT) is higher by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the China Materials ETF (CHIM), which lost 50,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.