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September 01, 2020 10:18am
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XLK, RINF: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Technology Select Sector SPDR Fund (XLK), where 7,400,000 units were destroyed, or a 2.7% decrease week over week. Among the largest underlying components of XLK, in morning trading today Microsoft (MSFT) is down about 0.1%, and Apple (AAPL) is higher by about 1.3%.
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