SJB, MRGR: Big ETF Outflows
ETF Channel Staff - Thursday, October 20, 10:53 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 High Yield (SJB), where 2,400,000 units were destroyed, or a 29.3% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Merger ETF (MRGR), which lost 49,999 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of MRGR, in morning trading today Yadkin Financial (YDKN) is up about 1.8%, and Private Bancorp (PVTB) is lower by about 0.3%.