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 S&P Oil & Gas Exp. & Prod. Bull 3X Shares (GUSH), where 4,450,000 units were destroyed, or a 5.9% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro 3x Crude Oil ETF (OILU), which lost 2,450,000 of its units, representing a 27.2% decline in outstanding units compared to the week prior.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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