SH, FXS: 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 Short S&P500 ETF (SH), where 2.1 million units were destroyed, or a 2.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Swedish Krona Trust (FXS), which lost 50,000 of its units, representing a 16.7% decline in outstanding units compared to the week prior.