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 16,900,000 units were destroyed, or a 1.6% decrease week over week. Among the largest underlying components of SPY, in morning trading today Nvidia is down about 3.8%, and Apple is lower by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the 3EDGE Dynamic International Equity ETF, which lost 240,000 of its units, representing a 38.1% decline in outstanding units compared to the week prior. Among the largest underlying components of EDGI, in morning trading today Spdr Msci Acwi Ex-us ETF is up about 0.2%, and Vanguard Total International Stock ETF is higher by about 0.3%.
VIDEO: SPY, EDGI: Big ETF Outflows
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