UVXY, XJUN: Big ETF Outflows
September 16, 2021 at 10:51 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 Ultra VIX Short-Term Futures ETF (UVXY), where 4,000,000 units were destroyed, or a 8.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the XJUN ETF (XJUN), which lost 50,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.