FXI, UXI: Big ETF Outflows
May 20, 2016 at 10:50 AM EDT
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 China Large-Cap ETF (FXI), where 8,250,000 units were destroyed, or a 7.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Industrials (UXI), which lost 75,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.