SLV, SCO: Big ETF Outflows
December 31, 2014 at 12:26 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 iShares Silver Trust (SLV), where 8,950,000 units were destroyed, or a 2.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Bloomberg Crude Oil (SCO), which lost 800,056 of its units, representing a 26.9% decline in outstanding units compared to the week prior.