The State Street Technology Select Sector SPDR ETF (XLK) saw a $665.7 million outflow, a 0.7% decrease in shares outstanding. Among XLK’s top holdings, Oracle Corp is up 0.1%, Cisco Systems Inc is flat, and IBM is down 0.2%. XLK’s 52-week range is $86.225 to $152.995, with a last trade at $146.57.

ETFs, like stocks, trade in units that can be created or destroyed based on investor demand. Weekly monitoring of shares outstanding data helps identify ETFs experiencing inflows or outflows. Large flows impact the underlying holdings of ETFs, requiring purchases or sales. Check out which other ETFs had notable outflows this week.

Read more at Nasdaq: XLK, ORCL, CSCO, IBM: Large Outflows Detected at ETF