SDS, KRU: Big ETF Outflows
ETF Channel Staff - Thursday, March 30, 10:48 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 UltraShort S&P500, where 4,250,000 units were destroyed, or a 3.8% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra S&P Regional Banking, which lost 25,000 of its units, representing a 14.3% decline in outstanding units compared to the week prior. Among the largest underlying components of KRU, in morning trading today Cit Group is up about 2%, and First Republic Bank is higher by about 2.2%.