EWJ, SMDD: Big ETF Outflows
February 29, 2016 at 10:52 AM 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 iShares MSCI Japan ETF (EWJ), where 20,400,000 units were destroyed, or a 1.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro Short MidCap400 (SMDD), which lost 49,686 of its units, representing a 29.5% decline in outstanding units compared to the week prior.