SPY, GUSH: Big ETF Outflows
ETF Channel Staff - Wednesday, September 20, 10:48 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, where 22,850,000 units were destroyed, or a 2.3% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple is down about 1.9%, and Microsoft is lower by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares, which lost 2,150,000 of its units, representing a 23.0% decline in outstanding units compared to the week prior.