SPY, UGE: 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, where 7,800,000 units were destroyed, or a 0.9% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple is off about 1.4%, and Microsoft is higher by about 0.3%.
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