UVXY, DIVB: Big ETF Outflows
ETF Channel Staff - Thursday, August 16, 12:02 PMLooking 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 21,250,000 units were destroyed, or a 28.0% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the iShares U.S. Dividend and Buyback ETF (DIVB), which lost 50,000 of its units, representing a 16.7% decline in outstanding units compared to the week prior. Among the largest underlying components of DIVB, in morning trading today Apple (AAPL) is up about 1.3%, and Microsoft Corporation (MSFT) is higher by about 0.6%.