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 Portfolio S&P 500 ETF, where 23,100,000 units were destroyed, or a 2.3% decrease week over week. Among the largest underlying components of SPLG, in morning trading today Microsoft is up about 0.5%, and Nvidia is up by about 1.2%.
And on a percentage change basis, the ETF with the biggest outflow was the BDEC ETF, which lost 3,125,000 of its units, representing a 39.9% decline in outstanding units compared to the week prior.
VIDEO: SPLG, BDEC: Big ETF Outflows