SPY, TYBS: Big ETF Outflows

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 (SPY), where 10,000,000 units were destroyed, or a 1.1% decrease week over week. Among the largest underlying components of SPY, in morning trading today Microsoft Corporation (MSFT) is down about 0.2%, and Apple (AAPL) is up by about 0.6%.