SVXY, JDST: Big ETF Outflows
April 30, 2018 at 10:47 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 VIX Short-Term Futures ETF (SVXY), where 6,800,000 units were destroyed, or a 12.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Junior Gold Miners Index Bear 3X Shares (JDST), which lost 900,000 of its units, representing a 27.4% decline in outstanding units compared to the week prior.