SH, FJP: Big ETF Outflows
September 09, 2014 at 12:11 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 Short S&P500 (SH), where 2,850,000 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 First Trust Japan AlphaDEX Fund (FJP), which lost 950,002 of its units, representing a 32.8% decline in outstanding units compared to the week prior.