Significant outflows reported in SPY and LRND ETFs, impacting Microsoft and Apple stocks negatively.

From Nasdaq: 2024-07-11 10:48:43

ETF Channel reported significant outflows in the SPDR S&P 500 ETF Trust, with 19.5 million units destroyed, a 1.9% decrease from the previous week. Microsoft and Apple saw drops in morning trading, with Microsoft down 2% and Apple down 1.5%.

The LRND ETF had the largest percentage decrease in units with 100,000 units lost, representing a 33.3% decline from the previous week. This significant outflow impacted the overall performance of the ETF.



Read more at Nasdaq: SPY, LRND: Big ETF Outflows