UCO, FINU: Big ETF Outflows
May 03, 2013 at 12:42 PM EDT
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the Proshares Ultra DJ-UBS Crude Oil (UCO), which shed 1.9 million shares, or a 14.2% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares UltraPro Financials (FINU), which lost 50,000 of its shares, for a whopping 50.0% decline in outstanding shares.