UUP, VIXY: Big ETF Outflows
September 02, 2015 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 PowerShares DB US Dollar Index Bullish Fund (UUP), where 8,600,000 units were destroyed, or a 16.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares VIX Short-Term Futures ETF (VIXY), which lost 4,750,000 of its units, representing a 38.9% decline in outstanding units compared to the week prior.