SH, PXMC: Big ETF Outflows

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 Short S&P500 (SH), where 8,800,000 units were destroyed, or a 10.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the PowerShares Fundamental Pure Mid Core Portfolio (PXMC), which lost 200,000 of its units, representing a 23.5% decline in outstanding units compared to the week prior.