DUST, FUT: Big ETF Outflows
July 26, 2016 at 10:55 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 Daily Gold Miners Index Bear 3x Shares (DUST), where 6,150,000 units were destroyed, or a 10.8% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Managed Futures Strategy ETF (FUT), which lost 49,999 of its units, representing a 33.3% decline in outstanding units compared to the week prior.