UVXY, SCO: Big ETF Outflows
October 30, 2020 at 10:48 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 7,500,000 units were destroyed, or a 9.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares ProShares UltraShort Bloomberg Crude Oil, which lost 1,550,000 of its units, representing a 25.2% decline in outstanding units compared to the week prior.