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EWH, SVXY: Big ETF Outflows
By: BNK Invest
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Hong Kong ETF ( EWH ), where 2,325,000 units were destroyed, or a 2.1% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares Short VIX Short-Term Futures ETF ( SVXY ), which lost 600,000 of its units, representing a 14.1% decline in outstanding units compared to the week prior.