SPYM, AMAA: 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 Tradr 2X Long SPY Monthly ETF, where 32,400,000 units were destroyed, or a 1.7% decrease week over week. Among the largest underlying components of SPYM, in morning trading today Nvidiz is down about 2.1%, and Apple is up by about 1.4%.

And on a percentage change basis, the ETF with the biggest outflow was the AMAA ETF, which lost 10,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.

VIDEO: SPYM, AMAA: Big ETF Outflows