SJB, MRGR: Big ETF Outflows
October 20, 2016 at 10:53 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 Short High Yield (SJB), where 2,400,000 units were destroyed, or a 29.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Merger ETF (MRGR), which lost 49,999 of its units, representing a 25.0% decline in outstanding units compared to the week prior.