SH, LABU: Big ETF Outflows
November 16, 2016 at 11:38 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 ProShares Short S&P500, where 17,375,000 units were destroyed, or a 23.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Biotech Bull 3x Shares, which lost 3,100,000 of its units, representing a 29.1% decline in outstanding units compared to the week prior.