SPXU, BUFF: Big ETF Outflows
January 06, 2021 at 11:52 AM EST
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 UltraPro Short S&P500, where 4,050,000 units were destroyed, or a 3.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the BUFF ETF, which lost 500,000 of its units, representing a 32.3% decline in outstanding units compared to the week prior.