News Column

SPY, ZSL: Big ETF Outflows

February 6, 2014

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 56.7 million units were destroyed, or a 6.5% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is up about 0.3%, and Exxon Mobil (XOM) is up by about 0.8%. And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraShort Silver ETF (ZSL), which lost 500,000 of its units, representing a 36.8% decline in outstanding units compared to the week prior. The preceding is a transcript of the video published at: .

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