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EZU, 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 EMU ETF ( EZU ), where 4,000,000 units were destroyed, or a 1.5% decrease week over week. Among the largest underlying components of EZU, in morning trading today Banco Santander ( SAN ) is higher by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares Short VIX Short-Term Futures ETF ( SVXY ), which lost 650,000 of its units, representing a 22.4% decline in outstanding units compared to the week prior.