UVXY, SSG: Big ETF Outflows
ETF Channel Staff - Monday, May 24, 11:34 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares ProShares Ultra VIX Short-Term Futures ETF, where 4,900,000 units were destroyed, or a 2.3% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Semiconductors, which lost 150,000 of its units, representing a 33.5% decline in outstanding units compared to the week prior.