UVXY, EFNL: Big ETF Outflows
July 21, 2021 at 11:53 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 ProShares ProShares Ultra VIX Short-Term Futures ETF, where 3,800,000 units were destroyed, or a 12.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Finland ETF, which lost 200,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.