Significant ETF Outflows: SPDR S&P 500 and ABLG Lead the Decline
Analyzing recent ETF trends, the SPDR S&P 500 ETF Trust experienced the largest outflow, with a reduction of 20,500,000 units, reflecting a 1.9% drop in outstanding units compared to the previous week. In today’s morning trading, key constituents of SPY included Apple, which dipped about 0.6%, while Microsoft saw a notable increase of approximately 8.8%.
Meanwhile, the ABLG ETF faced the steepest percentage decline, losing 650,000 units. This represents a significant 34.7% decrease in outstanding units when compared to the week prior.
VIDEO: SPY, ABLG: Big ETF Outflows
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