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 Trust, where 17,850,000 units were destroyed, or a 1.7% decrease week over week. Among the largest underlying components of SPY, in morning trading today Microsoft is down about 0.3%, and Nvidia is higher by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the Tradr 2X Long Innovation 100 Quarterly ETF, which lost 160,000 of its units, representing a 37.8% decline in outstanding units compared to the week prior.
VIDEO: SPY, QQQP: Big ETF Outflows