GEM, REW: Big ETF Outflows
March 23, 2021 at 11:33 AM EDT
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the GEM ETF, where 12,800,000 units were destroyed, or a 27.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Technology, which lost 175,000 of its units, representing a 26.4% decline in outstanding units compared to the week prior.