BIL, MZZ: Big ETF Outflows
November 12, 2014 at 12:32 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 SPDR Barclays 1-3 Month T-Bill ETF (BIL), where 12.8 million units were destroyed, or a 31.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraShort MidCap400 ETF (MZZ), which lost 100,000 of its units, representing a 32.8% decline in outstanding units compared to the week prior.