SPY, LABD: 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 (SPY), where 10,350,000 units were destroyed, or a 1.2% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is off about 0.3%, and Microsoft (MSFT) is lower by about 0.1%.