UCO, OILU: Big ETF Outflows
August 04, 2017 at 10:47 AM 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 Ultra Bloomberg Crude Oil (UCO), where 7,150,000 units were destroyed, or a 13.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro 3x Crude Oil ETF (OILU), which lost 300,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior.