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 22,800,000 units were destroyed, or a 2.2% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple ( AAPL ) is up about 0.6%, and Microsoft ( MSFT ) is up by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Global Agriculture Producers ETF ( VEGI ), which lost 200,000 of its units, representing a 16.0% decline in outstanding units compared to the week prior. Among the largest underlying components of VEGI, in morning trading today Monsanto ( MON ) is off about 0.1%, and Deere & Company (DE) is lower by about 0.2%.
VIDEO: SPY, VEGI: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Plantations International