CVY, EFU: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Guggenheim Multi-Asset Income ETF (CVY), where 8.4 million units were destroyed, or a 15.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraShort MSCI EAFE (EFU), which lost 75,000 of its units, representing a 39.9% decline in outstanding units compared to the week prior.