SPYV, UST: Big ETF Outflows
ETF Channel Staff - Friday, February 22, 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 Portfolio S&P 500 Value ETF (SPYV), where 9,300,000 units were destroyed, or a 10.1% decrease week over week. Among the largest underlying components of SPYV, in morning trading today Apple (AAPL) is up about 0.4%, and JP Morgan Chase (JPM) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra 7-10 Year Treasury (UST), which lost 225,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.