Markets

SSO, SVXY: Big ETF Outflows

A generic image of money and a calculator
Credit: Shutterstock photo

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 Ultra S&P500 ( SSO ), where 3,825,000 units were destroyed, or a 15.5% decrease week over week. Among the largest underlying components of SSO, in morning trading today 3M Company ( MMM ) is off about 0.1%, and Abbott Labs ( ABT ) is higher by about 0.5%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Short VIX Short-Term Futures ETF ( SVXY ), which lost 900,000 of its units, representing a 19.6% decline in outstanding units compared to the week prior.

VIDEO: SSO, SVXY: Big ETF Outflows

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


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

In This Story

SVXY MMM SSO ABT

Other Topics

Investing

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More