SH, FKO: Big ETF Outflows
March 03, 2016 at 11:14 AM EST
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 (SH), where 9,950,000 units were destroyed, or a 8.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust South Korea AlphaDEX Fund (FKO), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.