UVXY, FALN: Big ETF Outflows
March 06, 2018 at 10:47 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 ProShares Ultra VIX Short-Term Futures ETF (UVXY), where 7,250,000 units were destroyed, or a 31.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the iShares Fallen Angels USD Bond ETF (FALN), which lost 800,000 of its units, representing a 27.6% decline in outstanding units compared to the week prior.