SPXU, UBT: Big ETF Outflows
September 18, 2020 at 10:54 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 UltraPro Short S&P500, where 8,800,000 units were destroyed, or a 7.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares ProShares Ultra 20+ Year Treasury, which lost 225,000 of its units, representing a 24.3% decline in outstanding units compared to the week prior.