BRZU, ERY: Big ETF Outflows
June 25, 2019 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 Daily MSCI Brazil Bull 3X Shares (BRZU), where 2,350,000 units were destroyed, or a 15.8% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Energy Bear 3X Shares (ERY), which lost 100,000 of its units, representing a 19.7% decline in outstanding units compared to the week prior.