SH, TMF: Big ETF Outflows
ETF Channel Staff - Wednesday, November 26, 10:54 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares Short S&P500 (SH), where 1,950,000 units were destroyed, or a 2.9% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Daily 20+ Year Treasury Bull 3x Shares (TMF), which lost 200,000 of its units, representing a 23.5% decline in outstanding units compared to the week prior. Among the largest underlying components of TMF, in morning trading today iShares Lehman 20+ Year Treasury Bond (TLT) is up about 0.4%.