UVXY, DRIP: Big ETF Outflows
ETF Channel Staff - Friday, February 16, 10:57 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 ProShares Ultra VIX Short-Term Futures ETF (UVXY), where 5,900,000 units were destroyed, or a 26.2% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP), which lost 1,200,000 of its units, representing a 37.2% decline in outstanding units compared to the week prior.