Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the State Street Technology Select Sector SPDR ETF, where 51,450,000 units were destroyed, or a 7.3% decrease week over week. Among the largest underlying components of XLK, in morning trading today Nvidia is up about 1.5%, and Apple is higher by about 1.6%.
And on a percentage change basis, the ETF with the biggest outflow was the MGKX ETF, which lost 10,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.
VIDEO: XLK, MGKX: Big ETF Outflows5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.