EWU, UVXY: Big ETF Outflows
ETF Channel Staff - Monday, September 29, 12:51 PMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI United Kingdom ETF (EWU), where 6,400,000 units were destroyed, or a 3.1% decrease week over week. Among the largest underlying components of EWU, in morning trading today Intercontinental Hotels Group (IHG) is down about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra VIX Short-Term Futures ETF (UVXY), which lost 4,400,000 of its units, representing a 30.7% decline in outstanding units compared to the week prior.