UVXY, ICN: Big ETF Outflows
December 12, 2014 at 13:59 PM 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 Ultra VIX Short-Term Futures ETF (UVXY), where 3,100,000 units were destroyed, or a 13.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the WisdomTree Indian Rupee Strategy Fund (ICN), which lost 200,000 of its units, representing a 18.2% decline in outstanding units compared to the week prior.