TNA, BOIL: 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 Daily Small Cap Bull 3x Shares ( TNA ), where 2,800,000 units were destroyed, or a 21.2% decrease week over week. Among the largest underlying components of TNA, in morning trading today Ishares Russell 2000 Index ( IWM ) is up about 2.7%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra DJ-UBS Natural Gas ETF ( BOIL ), which lost 150,059 of its units, representing a 18.3% decline in outstanding units compared to the week prior.

TNA, BOIL: Big ETF Outflows VIDEO: TNA, BOIL: 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: TNA , IWM , BOIL

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