SDS, KORU: Big ETF Outflows
ETF Channel Staff - Tuesday, June 2, 10:47 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 UltraShort S&P500 (SDS), where 2,850,000 units were destroyed, or a 4.0% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Daily South Korea Bull 3x Shares (KORU), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of KORU, in morning trading today iShares Msci South Korea Index (EWY) is off about 0.5%.