SPY, GASX: Big ETF Outflows
February 07, 2020 at 10:49 AM EST
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 Trust, where 8,650,000 units were destroyed, or a 0.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Natural Gas Related Bear 3X Shares, which lost 100,000 of its units, representing a 36.4% decline in outstanding units compared to the week prior.