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UCO, RZG: Big ETF Outflows

Shutterstock photo
Shutterstock photo

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 Bloomberg Crude Oil ( UCO ), where 3,700,000 units were destroyed, or a 4.3% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Guggenheim S&P SmallCap 600 Pure Growth ETF ( RZG ), which lost 749,996 of its units, representing a 29.4% decline in outstanding units compared to the week prior. Among the largest underlying components of RZG, in morning trading today Orion Group Holdings ( ORN ) is down about 0.2%, and Tivo Corporation ( TIVO ) is lower by about 1.7%.

VIDEO: UCO, RZG: 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.

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UCO RZG ORN TIVO