UVXY, SCO: Big ETF Outflows
ETF Channel Staff - Friday, March 17, 11:04 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 Ultra VIX Short-Term Futures ETF, where 40,500,000 units were destroyed, or a 32.2% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Bloomberg Crude Oil, which lost 3,250,000 of its units, representing a 36.5% decline in outstanding units compared to the week prior.
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