TZA, SCC: Big ETF Outflows
January 08, 2015 at 12:49 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 Daily Small Cap Bear 3x Shares (TZA), where 9,700,000 units were destroyed, or a 17.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Consumer Services (SCC), which lost 200,130 of its units, representing a 36.4% decline in outstanding units compared to the week prior.