UVXY, SOXX: Big ETF Outflows
December 04, 2013 at 12:45 PM EST
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 (UVXY), where 1.5 million units were destroyed, or a 9.8% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the iShares PHLX Semiconductor ETF (SOXX), which lost 550,000 of its units, representing a 15.9% decline in outstanding units compared to the week prior.