UVXY, OILD: Big ETF Outflows
June 20, 2017 at 10:48 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 VIX Short-Term Futures ETF, where 1,400,000 units were destroyed, or a 3.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro 3x Short Crude Oil ETF, which lost 100,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior.