VOO, FLSA: 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 Vanguard S&P 500 ETF, where 14,748,186 units were destroyed, or a 1.1% decrease week over week. Among the largest underlying components of VOO, in morning trading today Nvidia is off about 0.2%, and Apple is higher by about 2.1%.
And on a percentage change basis, the ETF with the biggest outflow was the Franklin FTSE Saudi Arabia ETF, which lost 100,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.
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