SH, GASL: Big ETF Outflows
February 26, 2014 at 14:06 PM 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 (SH), where 2.9 million units were destroyed, or a 4.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Natural Gas Related Bull 3x Shares ETF (GASL), which lost 100,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior.