SPY, FNK: Big ETF Outflows

08/12/2014 7:00 am EST

Focus: ETFS

The staff at ETFChannel.com takes a look at units outstanding versus one week prior to determine which ETFs experienced the biggest outflow on a percentage change basis.

Looking at units outstanding versus one week prior within the universe of ETFs, the biggest outflow was seen in the SPDR S&P 500 ETF (SPY), where 78,300,000 units were destroyed, or a 8.7% decrease week over week. Among the largest underlying components of SPY, in morning trading Monday, Apple (AAPL) was up about 1.1% and Exxon Mobil (XOM) was lower by about 0.1%.

And, on a percentage change basis, the ETF with the biggest outflow was the First Trust Mid-Cap Value AlphaDEX Fund (FNK), which lost 1,050,000 of its units, representing a 31.3% decline in outstanding units compared to the week prior. Among the largest underlying components of FNK, in morning trading Monday, URS Corporation (URS) was up about 0.8%, and Cliffs Natural Resources (CLF) was higher by about 3.7%.

By the Staff of ETFChannel.com

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