SDS, TECL: Big ETF Outflows
November 07, 2016 at 10:54 AM 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 ProShares UltraShort S&P500 (SDS), where 13,400,000 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 Daily Technology Bull 3x Shares (TECL), which lost 1,550,000 of its units, representing a 29.8% decline in outstanding units compared to the week prior.