RWM, UKK: Big ETF Outflows

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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 Short Russell2000 ( RWM ), where 1,050,000 units were destroyed, or a 2.0% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra Russell2000 Growth ( UKK ), which lost 75,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of UKK, in morning trading today 22nd Century Group ( XXII ) is down about 2.5%, and 2U ( TWOU ) is higher by about 0.3%.

RWM, UKK: Big ETF Outflows VIDEO: RWM, UKK: Big ETF Outflows



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: RWM , UKK , XXII , TWOU

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