SSO, SVXY: 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 Proshares Ultra S&P500 (SSO), where 3,825,000 units were destroyed, or a 15.5% decrease week over week. Among the largest underlying components of SSO, in morning trading today 3M Company (MMM) is off about 0.1%, and Abbott Labs (ABT) is higher by about 0.5%.