UVXY, DIVB: Big ETF Outflows
August 16, 2018 at 12:02 PM 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 ProShares ProShares Ultra VIX Short-Term Futures ETF (UVXY), where 21,250,000 units were destroyed, or a 28.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the iShares US Dividend and Buyback ETF (DIVB), which lost 50,000 of its units, representing a 16.7% decline in outstanding units compared to the week prior.