GUSH, MAGA: Big ETF Outflows
ETF Channel Staff - Thursday, March 21, 11:02 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (GUSH), where 2,950,000 units were destroyed, or a 10.1% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the MAGA ETF (MAGA), which lost 375,000 of its units, representing a 31.2% decline in outstanding units compared to the week prior.