FAZ, UVXY: Big ETF Outflows
November 13, 2012 at 12:45 PM EST
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the Daily Financial Bear 3x Shares (FAZ), which shed 3,100,000 shares, or a 7.8% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra VIX Short-Term Futures ETF (UVXY), which lost 1,550,000 of its shares, for a whopping 23.5% decline in outstanding shares.